The Bombay Stock Exchange facility in Mumbai
(WEB HOST INDUSTRY REVIEW) — Indian Web hosting provider Netmagic Solutions (www.netmagic.com) announced on Monday it has opened its colocation data center at the Bombay Stock Exchange facility in Mumbai, India.
The move comes a couple of months after Netmagic’s Chennai data center was recognized as the country’s first Gold rated data center under the LEED Commercial Interior program of United States Green Building Council.
This new hosting center in Mumbai will minimize latency to and provide high frequency trading to its clients.
Netmagic has partnered with Thomson Reuters to provide a managed application environment and access to the Thomson Reuters Elektron global network.
Elektron is a global, ultra-high speed network and hosting environment that lets financial firms access and share information faster and more cost effectively.
Hedge funds, asset managers, banks, brokerages, exchanges and other participants will be able to connect to the the world’s largest financial community and securely reach trading partners over the network.
The inauguration of the facility was presided over by BSE chairman S. Ramadorai, BSE managing director and CEO Madhu Kannan, and BSE deputy CEO Ashish Chauhan.
“We are excited to collaborate with Thomson Reuters and Bombay Stock Exchange in setting up this colocation datacenter at the BSE facility,” says Sharad Sanghi, managing director and CEO of Netmagic Solutions. “This is an initiative to deliver our best in class managed services to support mission critical environments of the financial community.”
Netmagic also raised $15 million in a financing round led by Nokia Growth Partners and Cisco Systems last month to increase its data center footprint in Tier 1 cities across India.
No related posts.
