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.
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 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 such as Tata Communications would give the exchange much needed reduction in costs and maintaining world class service standards. The focus would now be on developing consistent and sustainable volumes, he said.
Last week, the exchange relocated its corporate office to new premises at the Bandra Kurla Complex in Mumbai from group headquarters Exchange Square and FT Tower.
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