Netmagic Solutions, in collaboration with Thomson Reuters and Bombay Stock Exchange, has set up a co-location datacenter at the BSE facility in Mumbai: This new hosting centre will minimize latency and enable high frequency trading. Netmagic Solutions will provide a managed application environment and access to the Thomson Reuters Elektron.
Sharad Sanghi, Managing Director & CEO of Netmagic Solutions, said, "We are excited to collaborate with Thomson Reuters and Bombay Stock Exchange in setting up this co-location datacenter at the BSE facility. This is an initiative to deliver our best-in-class managed services to support mission-critical environments of the financial community."
Madhu Kannan, BSE Managing Director & CEO, said, "I am happy to announce that a high-tech co-location datacenter facility has been inaugurated at BSE today. The facility provided by industry leaders such as Netmagic and Thomson Reuters will go a long way in providing state-of-the-art, exchange neutral but BSE co-located datacenter facilities to high frequency traders as well as other small and large brokerage houses."
The inauguration of the facility was presided over by S. Ramadorai, Chairman, BSE; Madhu Kannan, MD & CEO, BSE; Ashish Chauhan, Deputy CEO, BSE; Eugen Tjong, Head of Enterprise Real-time Solutions, Asia Pacific, Thomson Reuters; and Sharad Sanghi, MD & CEO, Netmagic Solutions.
