Bombay Stock Exchange exploring options for second disaster recovery centre

The Financial Express has reported that BSE (the Bombay Stock Exchange Ltd), is in the process of evaluating a suitable site to set up a second ‘disaster management centre’, in addition to its existing site in Navi Mumbai. One of the main criteria for the choice of location is that it must be at least 1000 kilometres away from the main exchange.

Tata Consultancy Services has been given the contract for assessing various site options and providing recommendations.

According to the Financial Express, “Bangalore is one of the likely options, since it has the required infrastructure such as bandwidth. Chennai, which was considered an attractive location, is not suitable because of the tsunami, which hit the city last year.”

•Date: 28th September 2005 • Region: Asia • Type: Article •Topic: Financial sector
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