Cisco bags contract from NSE

href="http://dqchannels.ciol.com/content/reselleralert/110032302.asp">Cisco
announced an extensive deployment
of its next-generation network architecture at the National Stock
Exchange of India (NSE). The comprehensive solution comprises Cisco's
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href="http://www.ciol.com/technology/networking/news-reports/cisco-refreshes-fixed-switching-portfolio/19310133423/0/">switching,
href="http://www.ciol.com/Technology/Security/Products/Cisco-introduces-IP-based-dispatch/132959/0/">security
and core technologies designed to help
ensure high network availability, boost network security and expand
NSE's reach in India. The announcement represents a key milestone
for Cisco India, which gains the distinction of being the exclusive
networking technology provider to the National Stock Exchange of
India Ltd.

As part of this deployment, Cisco will
provide high-level design and installation of a complex, three-tier
network architecture with Cisco 7600 Series routers, Cisco integrated
services routers and Cisco Catalyst 6500 series switches with Cisco
firewall and intrusion prevention system modules. The system is
designed to provide enhanced security, intelligent load balancing for
business continuity, better collaboration and integration across
3,000 NSE member locations. With IP migration, larger bandwidth and
higher throughput is expected to be available for NSE members,
allowing them to consolidate their technology infrastructure, thereby
reducing IT costs and at the same time, reducing the transaction cost
for the end investor.

Ravi Apte, CTO, NSE, said, “At NSE,
the trust of our investor community is critical to our growth and
success. As one of the largest stock exchanges in the world today, we
wanted to invest in an intelligent and highly secure network
architecture that would support the large scale of our financial
transactions. We trust and value Cisco's proven expertise in
networking solutions. Our decision to shift to Cisco's trusted
Intelligent Network platform was primarily driven by the need for a
highly secure, resilient and collaborative network infrastructure.
With this relationship, we will be able to efficiently support the
needs of our investors and accelerate our business growth.”
Commenting on the deployment, Anil Bhasin, Senior VP-West, Cisco
India said, “It is a matter of great pride for us to work with NSE,
which has always been a technology innovator with IT being the key
differentiator. In this project, NSE needed extremely high benchmarks
on resiliency, availability and latency to build the next-generation
trading platform. We adopted an architectural approach to design a
platform that would address key business imperatives and technology
challenges outlined by NSE. Working jointly with NSE, we created a
unique 'build, own, operate' model that will help NSE focus on its
core competencies and be able to embrace the best practices provided
by Cisco.”

With the outcome of the nationwide
deployment, N Muralidharan, CEO, NSE Infotech Services Ltd, said,
“Given NSE's leadership position in the business and technology
innovation space, it was important for NSE to keep innovating within
the technology space.”