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BSE introduces new trading system for equities

BSE has implemented a new trading system for its equity segment. The stock exchange has acquired the system from Deutsche Boerse. BSE had already implemented this system for currency derivatives, interest rate futures and equity derivatives. The new trading system is currently providing 200 micro seconds response time with a through put capacity of 5,00,000 orders per second. It is faster than any exchange in India by at least 10 times with through put capacity also higher by similar numbers. Despite the increase in speed, BSE does not intend to provide preferential treatment to members having co-location servers. This is the largest ever technology transformation in India ever attempted where more than 900 broker members with more than 1 lakh branches have experienced the new trading system of BSE. By extension, several lakh users have been able to experience the new trading system. More than 50 vendors participated in this mammoth exercise over a period of 6 months to ensure a smooth transition for members and users. Internationally, this is one of the smoothest technology transfer that has taken place. Over the first 2 days of trading, more than 900 members have traded on this system which is close to the peak number of members we get on the BSE platform. Similarly, more than 13.66 crore orders were entered in the new system which works out to more than 6,000 orders per second on average basis through out the day. This entire new technology platform has been built on open source software and commodity hardware which provides the lowest cost exchange operating framework to BSE as compared to any exchange of its size in the world.

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