IBM has announced that it has signed a 10-year information technology (IT) services agreement with Delhi Stock Exchange (DSE), one of the leading stock exchanges in India. As part of this Rs 11 crore agreement, IBM will provide business continuity and disaster recovery services to DSE as well as remotely host and manage its IT infrastructure. This will help the exchange meet the stringent business continuity guidelines as laid out by Securities and Exchange Board of India (SEBI).

DSE was one of country's largest stock exchanges - almost at par with Bombay Stock Exchange in the 90's, and has been in existence for over 60 years. In 2002, however, the exchange became inactive due to negligible trading volumes. Seven years later, the exchange is now looking at resurrecting itself to its former glory. IBM will play a key role in helping DSE go live for trading by providing a highly secure environment and a robust resiliency solution with the goal of zero data loss once the exchange becomes operational later this year.

Mr Vijay Gupta, chairman - Business Development Committee, Delhi Stock Exchange, remarked, "DSE will play a key role in the stock trading landscape of India, once re-launched. IBM's commitment to helping DSE achieve that goal is commendable. IBM's strong value proposition of providing managed services in an opex model was also one of the key reasons why DSE decided to choose IBM for this strategic relationship."

Under this agreement, IBM will build, host and manage the entire disaster recovery infrastructure for DSE from its data centre. IBM will also provide 24x7 monitoring services for hardware and networking devices from its command centre.

www.dseindia.org.in/
www.ibm.com/services

•Date: 16th July 2009• Region: India •Type: Article •Topic: BC markets
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