News

NCDEX migrates live trade data centre to Yotta Infrastructure Solutions

Mumbai: National Commodity and Derivatives Exchange (NCDEX) on Tuesday said it has migrated its live trade data centre to Yotta Infrastructure Solutions. The partnership with Yotta has made NCDEX the country’s first and only exchange to operate from an Uptime-certified Tier-IV data centre, the commodity exchange said in a statement.

“We are excited to partner with Yotta Infrastructure Solutions as our Data Centre service provider. Being a regulated market infrastructure institution, we need to have a focus on availability, reliability and resilience and Yotta is offering global benchmarks in these parameters,” NCDEX Managing Director and Chief Executive Officer Arun Raste said.

Tier-IV is the highest globally recognised certification for data centres and signifies the highest levels of reliability and resiliency for completely fault-tolerant critical infrastructure that supports the facility’s operations.

The data centre being migrated is a part of Yotta’s facility located at Navi Mumbai and recognised as the world’s second-largest Tier-IV facility certified by Uptime Institute.

“Our move to Yotta is a significant upgrade of our Data Center Infrastructure. This will help our team to focus more on bringing technology innovations to the business rather than spending time on managing the physical data centre, which will now be managed with the experts in this field,” NCDEX Chief Technology Officer Viral Davda said.

Articles You May Like

Dollar poised to wrap up its worst month in over a decade
GBPUSD falls below key floor/old ceiling area
Oil jumps on hopes for easing of China’s COVID controls
Transitory inflation talk is back. But economists say higher prices are here to stay
Rising yields and month-end help to underpin US dollar bid

Leave a Reply

Your email address will not be published. Required fields are marked *