For two decades, BSE (formerly Bombay Stock Exchange Ltd.) struggled to meet business needs with proprietary technologies. The exchange could not innovate, and the high cost of upgrades made the system economically inefficient. The stock exchange partnered with Red Hat to build a new trading system using open source technology, with help from Red Hat® Consulting
and a Red Hat Technical Account Manager
. As a result, BSE has improved operational and cost efficiency to expand from 10 million to 400 million orders per day, boost its trading speed to the fastest in the world, and cut hardware costs by 66%.