Cisco to deploy networking solution for NSE

Network-equipment maker Cisco said on Monday it will deploy networking facilities at the National Stock Exchange of India, country's largest stock exchange in terms of daily turnover and number of trades.

With internet protocol migration, larger bandwidth and higher throughput, the new network will allow NSE to consolidate their technology infrastructure, thereby reducing IT costs and transaction cost for the end-investor.

The solution would comprise Cisco's routing, switching, security and core technologies to help ensure high network availability and network security, Cisco said.

"As one of the largest stock exchanges in the world today, we wanted to invest in an intelligent and highly secure network architecture that would support the large scale of our financial transactions. With this relationship, we will be able to efficiently support the needs of our investors and accelerate our business growth," NSE chief technology officer Ravi Apte said.

As part of the deployment, Cisco will provide designing and installation of a three-tier network, it added.

"Working jointly with NSE, we created a unique 'build, own, operate' model that will help NSE focus on its core competencies and be able to embrace the best practices provided by Cisco," Cisco India senior vice-president (West) Anil Bhasin said.