New Delhi: Leading bourse Bombay Stock Exchange (BSE) on Monday said it has implemented Precision Time Protocol (PTP) at its platform and has also started extending it to all the members trading from its co-location 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 today's ultra-low latency trading platforms.
Earlier in 2014, BSE had launched its equity trading platform software BOLT Plus, which is based on the Deutsche Borse's T7 trading architecture and is currently the fastest trading platform in the country.