The National Commodity and Derivatives Exchange (NCDEX) successfully migrated its live trade data centre to Yotta Infrastructure Solutions. The partnership with Yotta made NCDEX the country’s first and only exchange to operate from an Uptime-certified Tier-IV data centre.
“We are excited to partner with Yotta Infrastructure Solutions as our Data Center service provider. Being a regulated market infrastructure institution, we need to have a laser-sharp focus on availability, reliability, and resilience and Yotta is offering global benchmarks in these parameters,” said Mr. Arun Raste, Managing Director and Chief Executive Officer of the Exchange.
The Tier-IV is the highest globally recognized certification for data centres and signifies the highest levels of reliability and resiliency with respect to completely fault-tolerant critical infrastructure that supports the facility’s operations. The data centre being migrated is a part of Yotta’s facility located at Navi Mumbai and recognised as the world’s 2nd largest Tier IV Facility certified by Uptime Institute.
“Our move to Yotta is a significant upgrade of our Data Center Infrastructure. This will help our team to focus more on bringing technology innovations to the business rather than spending time on managing the physical data center which will now be managed with the experts in this field,” said Mr. Viral Davda, Chief Technology Officer at NCDEX.
The Exchange surges ahead with a forward looking approach that is focused at enhancing the end user experience and confidence. Smooth tech operations coupled with upgraded data centre infrastructure, NCDEX is all set to soon usher in another tech enabler with Implied Matching Engine that IS aimed at increasing trade efficiency. An intuitive and proactive approach to technology is the need of the hour and NCDEX is all geared up for the same.
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