In New Delhi: Cisco has bagged a next-generation network architecture contract from National Stock Exchange of India (NSE), the country's largest stock exchange in terms of daily turnover and number of trades.
According to the official release, the comprehensive solution comprises Cisco's world-class routing, switching, security and core technologies designed to help ensure high network availability, boost network security and expand NSE's reach in India.
As part of this deployment, Cisco will provide high-level design and installation of a complex, three-tier network architecture with Cisco Routers, switches with Cisco firewall and Intrusion Prevention System modules.
The system, according to the company, is designed to provide enhanced security, intelligent load balancing for business continuity, better collaboration and integration across 3,000 NSE member locations.
"At NSE, the trust of our investor community is critical to our growth and success. 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," Ravi Apte, chief technology officer, NSE said
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.
"With this relationship, we will be able to efficiently support the needs of our investors and accelerate our business growth," he added
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.
"Working jointly with NSE, we created a unique "build, own, operate" model that will help NSE focus on its core competencies and be able to embrace the best practices provided by Cisco," he added
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