The existing x.25 network can distribute data at a rate of 128 kilobits per second (kbps). The new TCP/IP network, scheduled to go live on Oct. 31 this year, will increase that rate to 2 megabits per second (Mbps).
The move is in response to rising trading volumes, which have increased dramatically in recent years, putting a strain on the existing infrastructure. Although currently down from its one-day peak of $6 billion across the NSE, its derivatives market and the Bombay Stock Exchange in
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails