Technology

BSE places a great deal of emphasis on Information Technology for its operations and performance. The 'Operations & Trading Department' at BSE continuously upgrades the hardware, software and networking systems, thus enabling BSE to enhance the quality and standards of service provided to its members, investors and other market intermediaries. BSE strictly adheres to IS policies and IS Security policies and procedures for its day-to-day operations on 24x7 basis which has enabled it to achieve the BS7799 certification and the subsequent ISO 27001 certification. In addition, BSE has also been successful in maintaining systems and processes uptime of 99.99%. BOLT To facilitate smooth transactions, BSE had replaced its open outcry system with the BSE On-line Trading (BOLT) facility in 1995. This totally automated, screen-based trading in securities was put into practice nation-wide within a record time of just 50 days. BOLT has been certified by DNV for conforming to ISO 27001:2005 security standards. The capacity of the BOLT platform stands presently enhanced to 80 lakh orders per day. BSEWebx.co.in BSE has also introduced the world's first centralized exchange based Internet trading system, BSEWEBx.co.in. The initiative enables investors anywhere in the world to trade on the BSE platform. bseindia.com BSE's website www.bseindia.com provides comprehensive information on the stock market. It is one of the most popular financial websites in India and is regularly visited by financial organizations and other stakeholders for updates. Other Technology-based Initiatives BSE, along with its strategic partners, have put into place several critical processes/systems such as Derivatives Trading & Settlement System (DTSS) Electronic Contract Notes (ECN) Unique Client Code registration (UCC) Real-time Data Dissemination System - Integrated Back-office System - CDB / IDB Book Building System (BBS) Reverse Book Building System (RBBS) Debt Market Director's Database A Large Private Network BSE operates a large private network in India. The network uses following segments to cater to market intermediaries:- BSE's Campus LAN: Connects market participant offices across 20 floors of BSE campus to BSE systems. BSE Campus comprises of 3 BSE buildings: P.J. Towers, Rotunda and Cama building BSE WAN: TDM / MPLS lines from different service providers cater to connectivity requirements of market participants across the country. Wired / Wireless media is used. VSATs: Satellite based communication system serves the connectivity requirements of market participants in remote areas.  Services are provided through BSE's Satellite Communication Hub in Mumbai. Connectivity forms are available at url : http://www.bseindia.com/about/bolt_connect_forms.asp BSE Online Surveillance System - integrated (BOSS-i). an Real-time system to closely monitor the trading and settlement activities of the member-brokers. This system enables BSE to detect market abuses at a nascent stage, improve the risk management system and strengthen the self-regulatory mechanisms. State-of-the-art Hardware BSE uses higher-end, fault-tolerant systems for its trading and related functionalities. It uses Integrity Non-stop NS16000 and S88000 systems for its online trading systems (BOLT). The systems have been designed to deliver the best performance without compromising on key factors of availability, scalability, ROI and TCO. RISC based Unix Severs rp8420 from HP: for our Derivatives, Settlement, Backoffice, Data Feed, BBS, RBBS and other systems related to trading and related functionalities. The systems are facilitated by the use of the robust and high available storage subsystems from HP. Intel blade servers running on Microsoft platform are used for the Internet based trading system (ITS) enabling the end users to carry out the trading activities from any location facilitated by the internet. Intel blade servers running on Microsoft platform are also used for bseindia.com website, one of the best portals on the capital market which is also facilitated by the regional languages viz Hindi and Gujarati.

Technology | Safety of the Market | Trading and settlement | Risk Management | Rectification of Bad Delivery | Surveillance