BSE Aims High-Speed Trades, Eyes Most Advanced Bourse Slot

"We also implemented in April 2014 the new technology we had acquired from Deutsche Boerse and in 5-6 months that it has been in practice our number of orders per day has gone up already three times. Earlier it was 12-15 crore orders on best of the days, and today we are recording 40-45 crore orders a day on a regular basis."

BSE has come a long way in the last 6 months, but it still has a long way to go, he added.

"We must strive, like our regulators, to be at the forefront. At the same time, the potential risks are taken care of. We have put in a system to calculate the value at risk for all our investors on a real time basis, Chauhan said.

"There are more than 2.6 crore investors registered on BSE and anytime they trade our computers calculate the portfolio and the value at risk on a one-day basis, that is how much money they can potentially lose, and that is converted into margin call and only if there is enough margin, the investor and the broker would be allowed to do that trade," he added.

The BSE chief said that Indian capital market was among the most sophisticated ones when it comes to transaction processing.

"After we became automated in 1994-1995, we (India) were at the forefront but then somehow we lost out to some other markets. We are again back in the reckoning with the BSE implementing this new technology.

"Today we are at 200 microseconds and within three years' time, we should be in the 20 microseconds range.

That would put us in top one per cent of the exchanges across the world when it comes to speed and the scalability,"

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