MUMBAI, INDIA: Datacraft, an IT services and solutions company, recently said that it was called upon by a leading stock exchange in India to implement a highly resilient and robust network to support this expansion.
Datacraft said in a press release that the client is Asia’s oldest stock exchange and also the world's number one exchange in terms of the number of listed companies.
The release said the exchange is set to expand into 500 tier II towns in the coming months, which would require the capacity of its trading system to be doubled. Hence, the need for the exchange to upgrade its existing network infrastructure.
The contract required Datacraft to migrate the exchange’s existing system to a robust and scalable network infrastructure that can support additional 500 trading partners across India and ensure fast and secure connectivity, it said.
“The multi-layered infrastructure will also not only improve the exchange’s business agility but also enable them to extend new capabilities and services to their traders and clients quickly and seamlessly,” said Sunil Manglore, CEO, Datacraft India.
The additional challenge for Datacraft was that they could only implement the solution during non-trading hours, so as to ensure business continuity, the release added.
“The upgraded network, using Cisco technologies, would provide the exchange the scalability to support the anticipated future market volumes and the performance needed to maintain a business advantage,” said Manglore.
Datacraft will also provide the exchange with uptime services, engineering and staging, team empowerment service, design, consultancy and project management, the release said.