MUMBAI, INDIA: Red Hat, Inc., provider of open source solutions, today announced that National Commodities and Derivatives Exchange Limited (NCDEX), an online multi-commodity exchange is powering its IT infrastructure on Red Hat Enterprise Linux.

The shareholders of NCDEX comprise national-level institutions such as large public sector banks and companies such as National Stock Exchange (NSE) and LIC of India, amongst others.

Located in Mumbai, the critical requirement for NCDEX’s IT team was to provide a commodity exchange platform for market participants to trade in commodity derivatives. “It was critical for our complete IT infrastructure to have no unplanned downtime,” says Devesh Surana, vice president, Technology, NCDEX.

Using NSE's IT infrastructure as a benchmark and under the guidance of NSE, NCDEX decided to build its infrastructure of business-critical applications on open source technology solutions to ensure redundancy and failover and chose Red Hat as its technology partner.

“Open systems, like all other hardware and software, require a robust support infrastructure, which Red Hat is able to provide,” says Nirmalendu Jajodia, CTO, NCDEX.

“Red Hat solutions have helped NCDEX to cost-effectively standardize our business-critical applications on an open architecture while providing 99.99 percent uptime of these applications,” says Surana.

“In addition to high availability, we have also experienced excellent support from Red Hat since the deployment of Red Hat Enterprise Linux on our systems. We have additionally developed strong in-house expertise on Linux,” said Surana.

Reliability and ease of maintenance of the Red Hat solution has also helped the organization to predictably scale and manage its infrastructure in a cost-effective manner added the release.

“Because of our great success with Red Hat Enterprise Linux, we have kept Red Hat solutions firmly on our radar for future technological developments at NCDEX,” says Surana.