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NSE picks Cisco to enhance performance

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CIOL Bureau
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BANGALORE, INDIA: Networking major Cisco today announced an extensive deployment of its next-generation network architecture at the National Stock Exchange of India (NSE), the country’s largest stock exchange in terms of daily turnover and number of trades.

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The comprehensive solution comprises Cisco’s routing, switching, security and core technologies designed to help ensure high network availability, boost network security and expand NSE’s reach in India.

The announcement represents a key milestone for Cisco India, which gains the distinction of being the exclusive networking technology provider to the National Stock Exchange of India Ltd, said a press release.

As part of this deployment, Cisco will provide high-level design and installation of a three-tier network architecture with Cisco 7600 series routers, Cisco Integrated Services Routers and Cisco Catalyst 6500 series switches with Cisco Firewall and Intrusion Prevention System modules, the release stated.

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The system is designed to provide enhanced security, intelligent load balancing for business continuity, better collaboration and integration across 3,000 NSE member locations. With IP migration, larger bandwidth and higher throughput is expected to be available for NSE members, allowing them to consolidate their technology infrastructure, thereby reducing IT costs and at the same time, reducing the transaction cost for the end investor.

Ravi Apte, chief technology officer, NSE, said, “As one of the largest stock exchanges in the world today, we wanted to invest in an intelligent and highly secure network architecture that would support the large scale of our financial transactions. Our decision to shift to Cisco’s trusted Intelligent Network platform was primarily driven by the need for a highly secure, resilient and collaborative network infrastructure.”

Commenting on the deployment, Anil Bhasin, senior vice president, West for Cisco India said, "In this project, NSE needed extremely high benchmarks on resiliency, availability and latency to build the next-generation trading platform. We adopted an architectural approach to design a platform that would address key business imperatives and technology challenges outlined by NSE."

He added that Cisco has created a unique 'build, own, operate' model that would help NSE focus on its core competencies and be able to embrace the best practices provided by Cisco.

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