MCX to set up disaster recovery facility in GIFT City

Mumbai: Commodity bourse MCX today said it has acquired office space in the GIFT City to set up disaster recovery (DR) infrastructure and a training facility.

The office space will be utilised by Multi Commodity Exchange of India (MCX) to set up a full-fledged business continuity facility with disaster recovery (DR) infrastructure to carry out all critical operations and processes seamlessly
in any eventuality, a statement said.

The IT infrastructure at DR site will be hosted at Data Center which will be built and managed as per the international tier-IV specifications.
Additionally, MCX will also establish a training facility to conduct training programmes, and dissemination of knowledge for the enhancement of skill and capabilities of students and working professionals, desirous of making a career in commodity market.

Mrugank Paranjape, MD & CEO, MCX said, "With the world class infrastructure and allied facilities matching global standards at GIFT City, setting up a BC & DR facility at this location would ensure seamless continuation of exchange
operations, aid in diversifying our risk, and further strengthening our competence in terms of processes, people and IT infrastructure."