BSE becomes first exchange in India to implement PTP

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Mumbai, 05th October 2015: BSE today announced that it has implemented the Precision Time Protocol (PTP) in its exchange trading platform and has also started to extend it to all the members trading from its colocation facility. World exchanges are slowly migrating to Precision Time Protocol (PTP) because Network Time Protocol (NTP) is not a suitable framework in today’s ultra low latency trading platforms.

BSE uses the latest and most accurate time synchronization protocols like PTP for time synchronization of the entire trading infrastructure. PTP offers time synchronizations in the range of nano seconds, due to which BSE has been able to leverage the accuracy in all its time stamps. This is the highest transparency and fairness which BSE has brought in for all its stakeholders. BSE has been the pioneer in making the measurements available for all the latencies across various stages of order route from the member server to the exchange and back to member server. These latencies are reported in nano seconds.

BSE provides colocation facility to members for low latency trading on 10 Gbps end-to-end fiber network. Exchange has successfully tested and extended their PTP services to its members trading from its colocation at no additional cost to members.

BSE is the world largest exchange in terms of number of listed companies, which stands tall at 5772. Earlier last year in 2014, BSE launched its equity trading platform software ‘BOLT Plus’. 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. BSE’s new technology, which is open source and low cost can handle 5 lakh orders per second. BSE has also gained significant leadership in segments like BSE SME platform, BSE STAR MF, currency Derivatives, IRF, etc.

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