Delhi Stock Exchange partners IBM

DQW Bureau
New Update


IBM has signed a 10-year information technology (IT) services agreement with

Delhi Stock Exchange (DSE). As part of this Rs 11 crore agreement, IBM will

provide business conti­nuity and disaster recovery services to DSE as well as

remotely host and manage its IT infrastruc­ture. This will help the exchange

meet the stringent business continuity guidelines as laid out by Securities and

Exchange Board of India (SEBI) before it could resume its operations after a

hiatus of six years. By engaging with IBM in a complete operational expen­diture

(pay-as-you-go) model, DSE will also save 100 percent capital expenditure on IT.

Signed in June 2009, this agreement demonstrates IBM's focus to help clients

'Do more with Less' by engaging in operational expense (opex) model.

DSE was one of country's largest stock exchanges-almost at par with Bombay

Stock Exchange in the 90s, and has been in existence for over 60 years. In 2002,

however, the exchange became inactive due to negligible trading volumes. Seven

years later, the exchange is now looking at resurrecting itself to its former

glory-one where it used to be bustling with over 2,800 companies listed. IBM

will play a key role in helping DSE go live for trading by providing a highly

secure environment and a robust resiliency solution with the goal of zero data

loss once the exchange becomes operational later this year.

“As DSE looks to claim back its position as one of country's leading stock

exchanges, the agreement with IBM couldn't have happened at a better time,” said

HS Sidhu, Executive Director and CEO, DSE. “As the world's leading IT services

company, IBM will bring immense value to the exchange by providing time-tested

and world-class managed services-that would help DSE become operational and

successful once again,” he added.

Under this agreement, IBM will build, host and manage the entire disaster

recovery infrastructure for DSE from its data center. IBM will also provide 24x7

monitoring services for hardware and networking devices from its command center.