Bombay Stock Exchange Upgrades Platform
The BSE inked the deal with OMX in January and expects to move into production with the new systems by the middle of the year, they add.
The first phase of integration began at the end of January, says Markus Gerdien, president of market technology with OMX. The vendor will be replacing substantial parts of the BSE's current infrastructure including front-office applications, derivatives and equities trading as well as clearing and settlement for derivatives and equities. However, auxiliary
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