Bombay Stock Exchange Selects Solarflare for Hi-Tech Trading Solution

Indian financial trading venues continue to compete with developed markets as they undergo technological advancements, BSE deploys Solarflare technology and

Solarflare is strengthening its position in Asia’s developing electronic trading space as India’s most established trading venue implementing low latency trading solutions to develop its offering on a global scale. The Bombay Stock Exchange (BSE) reported that it has deployed Solarflare’s intelligent network I/O software and hardware on its customer gateways and throughout its core network.

The historic venue, the BSE Ltd, announced its new technological appointment,  and reported that it has deployed Solarflare’s software products OpenOnload® and Solarflare Precision Time on the FlareonTM Ultra server I/O platform to accelerate network applications, improve network monitoring and synchronize server clocks across their network.

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The move follows on from the exchange’s recent advancement of its trading platform, BOLT, earlier this year, thus offering members low latency trading. In addition, the BSE continues to cause friction among its peers, in the derivatives segment, as its markets share in certain futures instruments continues to grow, having recently acquired rival USE.

Kersi Tavadia, the BSE’s Chief Information Officer, commented about the new solution in a statement, he said: “We at BSE are quite proud of the level of service we offer the more than 5,000 companies listed on BSE.

Our goal has always been to deliver best-in-class performance to our customers. After a thorough evaluation of several options to upgrade our network, it became clear that Solarflare’s intelligent network I/O platform offered the best solution to meet or exceed our aggressive performance targets.”

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Solarflare, an established player in various sectors that require high-speed technology and infrastructure is a preferred solution for global exchanges. The latest news supports the technology firm’s future goals of dominating the APAC region.

“With over 1,200 customers worldwide, the vast majority of electronic trades made on a daily basis around the world rely on Solarflare’s technology to perform flawlessly,” said Russell Stern, Solarflare CEO in the briefing.

He added: “BSE Ltd.’s selection of Solarflare’s software and hardware is an excellent indicator of the competitive advantage our technology provides. It also reflects positively on the commitment we’ve made to India, exemplified by the recent opening of our extensive R&D facility in New Delhi.”

The two firms have been collaborating with Arista Networks in order to share information on networks and low latency structures. The firm reported that it will be conducting workshops that highlight the advantages of architecting an ultra-low latency infrastructure. The companies will reveal low latency best practices and the importance of increased network visibility and monitoring through best-in-class packet capture and hardware time stamping.

Solaflare’s CEO explained to Forex Magnates during a telephone interview, that the new partnership supports firms as they address the ever-changing regulatory environment, through the precision time functionality, exchanges can “forensically unwind and replay trading data.”

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