The National Stock Exchange (NSE) has announced a major expansion of its co-location services, further establishing itself as one of the largest co-location service providers worldwide.
It has added more than 200 Full Rack Equivalent capacities under Colocation Phases 11 and 12 at its NSEIL premises. This takes the total capacity to over 1,200 FREs and caters to the emerging needs of market participants.
More than 200 members are currently subscribed to NSE’s Co-Location Facility, while more than 100 members are using the Colocation as a Service -CaaS model, the exchange said in its statement on Wednesday.
The NSE thus plans further expansion to meet the growing demand for high-frequency and low-latency trading infrastructure. An additional 300 FREs will be introduced at the Exchange Plaza in BKC, Mumbai, by the end of Q1, FY 2025-26, taking the total capacity at the BKC site to 1,500 racks within the next three months.
Going forward, the exchange plans to add 2,000 more FREs in phases over the next two years, depending on market demand.
Co-location facilities are important in facilitating high-frequency, low-latency trading. These provide state-of-the-art infrastructures that help the market participant to execute trades with minimum latency. Recent developments at the NSE epitomize their commitment to responding to the dynamic requirements of both the Indian and international markets.
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Source: Moneycontrol
News Desk
