BSE – India's biggest and
most important stock exchange
sharpens its edge
By consolidating multiple servers, HP has
helped the Bombay Stock Exchange
simplify its IT infrastructure to attain
a leaner and more competitive edge.
The Bombay Stock Exchange
The Stock Exchange, Mumbai, popularly known as BSE,
was established in 1875, and is the oldest stock
exchange in Asia. It accounts for over one third of the
total trading volume in the country. The average
number of daily trades on the Exchange is one million,
giving it one of the highest per hour rates of trading in
the world. In the financial year 2003-04, its average
daily turnover exceeded US$ 450 million.
Making the Right Decision
As India's leading financial exchange, BSE realised the
importance of having in place state-of-the-art IT
infrastructure to support trading activity. With the
tremendous growth in the volume of daily trades, BSE
recognised the need to invest in business solutions that
were efficient, scalable, cost-effective and reliable.
In its effort to help sustain trading activity, BSE had,
over the years, introduced several new software
applications. With each new application, new servers
were added, leading to a loss of operational efficiency.
“It was getting difficult to manage different production
environments” recounts Mr. S.B. Patankar, Chief
Technology Officer, BSE.
There were 14 disparate servers running different
applications, and a few of these servers were more
than five years old. The existence of a large number of
servers – some of them nearly obsolete – meant that
maintenance costs were skyrocketing, even as the BSE
was striving to streamline its operations. Therefore, the
Company's goal was to consolidate the IT Infrastructure
for these various applications.
"With daily trade volumes rising, it was not enough to
just add more production environments, which was just
reducing the efficiency. The need of the hour was a
streamlined and consolidated IT infrastructure."
Mr. S.B. Patankar
Chief Technology Of