BSE implements PTP extends facility to members
Leading bourse BSE on Monday said it implemented Precision Time Protocol ( PTP) at its platform and also started extending it to all the members trading from its colocation facility. BSE becomes the first stock exchange in the country to implement the technology that offers time synchronisations in the range of nano seconds, helping the exchange to leverage the accuracy in all its time stamps.
The bourse has extended the PTP services to members trading from its co- location facility, a data centre with racks for computer servers, without levying any additional cost, it said in a statement. Co- location facility allows brokers to host servers near the exchange’s trading platform, facilitating faster execution of trades due to low latency in data transmission.
Exchanges across the globe are slowly migrating to Precision Time Protocol because Network Time Protocol is not a suitable framework in todays ultra low latency trading platforms.
Earlier in 2014, BSE had launched its equity trading platform software BOLT Plus, which is based on the Deutsche Borses T7 trading architecture and is currently the fastest trading platform in the country.
Business Standard, New Delhi, 6th Oct. 2015