BSE to launch Bolt Plus trade from April 7

BSE to launch Bolt Plus trade from April 7

BSE to launch Bolt Plus trade from April 7

The Bombay Stock Exchange (BSE) said on Sunday it will launch equity trading on Bolt Plus, country’s fastest trading platform, from April 7.

“We are launching equity cash segment for trading on our Bolt Plus platform on April 7 this year. We have already launched currency Futures & Options in November 2013, interest rates futures in January and equity derivatives on February 7 this year on Bolt Plus Live platform,” Bombay Stock Exchange CEO and MD Ashish Chauhan said.

BSE upgraded its technology platform in November 2013 to BOLT+. The BSE trading system (Bolt Plus) is based on T7, the global trading architecture of Deutsche Bourse AG.

“The technology currently offers 200 micro seconds as the order execution speed and can handle 5 lakh orders per second. Going forward BSE intends to increase the speed further to 20 microseconds by 2016 with an order taking capacity of 50 lakh orders per second,” a source familiar with the new technology said.