MUMBAI: A ten-year managed services deal is expected to eliminate capital expenditure by 100 per cent and make Delhi Stock Exchange (DSE) raring to go before it could resume its operations after a hiatus of six years.

DSE has signed a 10-year information technology (IT) services agreement and as part of this Rs. 11 crore agreement, IBM will provide business continuity and disaster recovery services to DSE as well as remotely host and manage its IT infrastructure. This will help the exchange meet the stringent business continuity guidelines as laid out by Securities
and Exchange Board of India (SEBI), shares a press note.

Under this agreement, IBM will build, host and manage the entire disaster recovery infrastructure for DSE from its data center. IBM will also provide 24x7 monitoring services for hardware and networking devices from its command center.

By engaging with IBM in a complete operational expenditure (pay-as-you-go) model, DSE is saving 100 percent capital expenditure on IT, as informed by a company statement.

DSE was one of country's largest stock exchanges - almost at par with Bombay Stock Exchange in the 90's, and has been in existence for over 60 years, adds the release. In 2002, however, the exchange became inactive due to negligible trading volumes.

Seven years later, the exchange is now looking at resurrecting itself to its former glory-one where it used to be bustling with over 2,800 companies listed. IBM will play a key role in helping DSE go live for trading by providing a highly secure environment and a robust resiliency solution with the goal of zero data loss once the exchange becomes operational later this year.

"As DSE looks to claim back its position as one of country's leading stock exchanges, the agreement with IBM couldn't have happened at a better time," said HS Sidhu, Executive Director and CEO, Delhi Stock Exchange.

Vijay Gupta, Chairman - Business Development Committee, Delhi Stock Exchange added, "DSE will play a key role in the stock trading landscape of India, once re-launched. IBM's commitment to helping DSE achieve that goal is commendable. IBM's strong value proposition of providing managed services in an opex model was also one of the key reasons why DSE decided to choose IBM for this strategic relationship."

The Delhi Stock Exchange Association Limited was incorporated as a limited company under the Indian Companies Act, 1913 on 25th June, 1947.