Exciting Expansion: NSE to Triple Colocation Rack Capacity to 4,000 at Mumbai HQ in Just 3 Years | Breaking Markets News
The National Stock Exchange (NSE) is set to significantly expand its colocation data centre at its Mumbai headquarters, nearly tripling the number of racks to over 4,000 within the next three years. This expansion, to be carried out at Exchange Plaza, Bandra Kurla, is in response to member feedback and aims to improve operational ease and rack availability for trading members. Currently, the NSE offers 1,400 racks, and the increase will support enhanced trading capacity.
A colocation facility enables brokers to place their servers close to the exchange for a fee, allowing them faster access to price data. The NSE, the world’s largest stock exchange by daily orders and trades, handles over 50% of global orders and trades. To accommodate this growth, the exchange plans to increase its order message capacity from 5 million to 20 million per second across asset classes, with further scaling anticipated as needed.
This decision is part of NSE’s strategy to maintain technological and infrastructural superiority, ensuring seamless trading for its members.
In related news, the Securities and Exchange Board of India (Sebi) recently dismissed charges against the NSE and seven of its former employees, including Chitra Ramkrishna and Ravi Narain, regarding regulatory violations at the colocation facility. The decision, citing a lack of sufficient evidence, pertains to a nearly decade-old case initially ruled upon in April 2019.
Original Story https://www.business-standard.com/markets/news/nse-plans-to-triple-colocation-rack-capacity-to-4-000-at-mumbai-hq-in-3-yrs-124092501116_1.html
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