Mumbai: If ever a disaster paralyses India’s financial capital Mumbai, Hyderabad a city that is considered to be safe from almost all natural disasters will come to the rescue of the Bombay Stock Exchange (BSE).The BSE the oldest stock exchange founded in 1875 on Thursday began live operations from its Disaster Recovery (DR) site in Hyderabad the first time operating out of Mumbai in 140 years.
All market segments opened successfully and trading is being conducted seamlessly, while the number of users and trades remains regular. BSE’s first attempt to initiate trading from its Disaster Recovery (DR) site is a complete success, the exchange said. The trading will happen at the Hyderabad site for two days in a quarter. The new disaster recovery centre of BSE is a state of theart data centre built as per the international tier-III specifications with a total of area of 68,000 square feet.
Though it had set up its first DR site at Navi Mumbai, the exchange decided to have a far-off disaster recovery site following the July 2005 deluge in Mumbai. The exchange has been conducting mock trading at the new Disaster Recovery (DR) site for the last four weekends.The BSE said it is technologically the most advanced exchange in India and the seamless manner in which the operations went live from the DR is also an indication of the same. BSE is the world largest exchange in terms of number of listed companies, which stands tall at 5,554.
