BSE to launch equity trading on Bolt Plus from April 7

Tags: Stock Market
"We are launching equity cash segment for trading on our Bolt Plus platform on April 7 this year. We have already launched currency Futures & Options in November 2013, interest rates futures in January and equity derivatives on February 7 this year on Bolt Plus Live platform," Bombay Stock Exchange CEO and MD Ashish Chauhan told PTI here.

BSE upgraded its technology platform in November 2013 to BOLT+. The BSE trading system (Bolt Plus) is based on T7, the global trading architecture of Deutsche Bourse AG.

One of the key features of the system is its response time of approximately 200 micro seconds, making it the fastest trading platform in the country today. BSE new technology is open source and low cost.

"The technology currently offers 200 micro seconds as the order execution speed and can handle 5 lakh orders per second. Going forward BSE intends to increase the speed further to 20 microseconds by 2016 with an order taking capacity of 50 lakh orders per second," a source familiar with the new technology platform said.

The new technology has allowed BSE to achieve highest global standards for speed, reliability and order handling capacity. BSE matching engine is one of the fastest platforms globally in terms of throughput, latency and turnaround time, Chauhan said.

By aligning BSE, Eurex Exchange and ISE markets on a common trading infrastructure, IT costs for shared customers will reduce significantly, he said.

EDITORIAL OF THE DAY

  • Common test will safeguard sanctity and bring accountability to medical profession

    Recalling its order of 2013, the Supreme Court paved the way for the all-India common entrance test, the national eligibility-cum-entrance test (NEET)

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture