Comments
MCX Stock Exchange has shifted its data centre and co-location services to Tata Communications from Financial Technologies. The migration includes co-location, front-end and back-end information systems too.
Feed vendors, depositories, clearing banks and custodians are also connected to the new data centre.
The connectivity testing was concluded on Sunday and the exchange has commenced live trading from the new data centre on Monday, said MCX-SX which is trying to distance itself from the scam-tainted group company Financial Technologies.
Saurabh Sarkar, Managing Director, MCX-SX said shifting the data centre to a reputed partner like Tata Communications would give the exchange much needed reduction in cost and maintaining world class service standards. The focus would now be on developing consistent and sustainable volumes, he said.
Last week, the exchange relocated corporate office to new premises at the Bandra Kurla Complex in Mumbai from group headquarters Exchange Square and FT Tower.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.