April - 2014 - issue > CIO Insights

Changes in the IT infrastructure with its focus on V-Sat Networks

Kersi Tavadia

CIO- BSE India

Saturday, April 5, 2014

Forward

Bombay stock exchange (BSE) is a stock exchange located in Mumbai, Maharashtra, India with a market cap of US $1.203 trillion (Oct 2012). Being the 11th largest stock exchange in the world as per the market capitalization on 31st December, 2012, the bourse was established as "The Native Share & Stock Brokers' Association" in 1875.

Challenges Faced by Capital Market
Capital market is one of the most elevated industries where Information Technology is used extensively. With people expecting responses in micro seconds the industry is facing challenges each and everyday. Moreover with technology evolving everything happens in microsecond of operation, thereby facilitating speed and connectivity. Other than that, the veiled architecture must be robust in order to keep up with the response time together with the unacceptability of downtime, another challenge faced by the organization making the role of a CIO imperative.

The products in question must be thoroughly tested without being detrimental for the market concerned. Change must be fostered segment by segment rather than the entire whole. This increases confidence and allows time to get used to the existing system. Systems must work hand in hand to ensure response speed.

Fault Tolerance in Stock Exchange Platform
A complete architecture is an open source architecture cost effective comprising of commodity hardware, open databases and commodity network switching. Also Big Data which is another open source platform plays an important role in any stock exchange platform giving better experience, at the same time curbing cost.