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.