BSE builds world’s fastest trading system with TAM support
For two decades, BSE (formerly Bombay Stock Exchange Ltd.) struggled to increase trading speeds and transactions with proprietary technologies. The exchange could not innovate, and the high cost of upgrades made its system economically inefficient. The Indian stock exchange built a new trading system using open source technology from Red Hat, with help from a Red Hat® Technical Account Manager. As a result, BSE has expanded from 10 million to 400 million orders per day, achieved the fastest trading speed in the world, and reduced its total cost of ownership (TCO) by 90%.