Oracle Helps BSE Process Online Transactions Faster

Established in 1875, Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia. Today, around 4,397 companies with a total market capitalisation of US$1.06 trillion (as of July 2009) are listed on BSE’s bourse, more than any other stock exchange in the world. The BSE Index, SENSEX, is India’s most popular stock market benchmark index and includes 30 stocks representing 12 market sectors.

Challenges Faced by BSE

BSE’s first main challenge was deploying a data replication tool that would capture transactions at the company’s main data centre and deliver them quickly to many locations running multiple target databases. Also, meeting regulations that required transactional data to be accessible online was proving to be challenge to BSE.

The Solution

The solution came in the form of Oracle GoldenGate, which was deployed by Oracle Certified Partner, Financial Software Solutions. Oracle GoldenGate helped capture transactional data from its core system, deliver it to multiple target databases at several locations and make that data available online for analysis. It allowed the stock exchange to meet regulations set out by the Securities and Exchange Board of India that required daily stock transactions to be monitored online in real-time.

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Oracle GoldenGate provided continuous data synchronisation across mixed environments and integrated data from these systems immediately to avoid the need for expensive data migration. It enabled transactions to be processed 10% to 15% faster and ensured these transactions were based on consistent information.

The solution helped by replicating data securely at the disaster recovery site to eliminate downtime caused by planned and unplanned outages and adhere to regulatory guidelines around data security. It also enabled administration staff to easily move thousands of transactions per second with little to no impact on source and target systems.

Dilip Oak, General Manager, System Operations, Bombay Stock Exchange said, “Oracle GoldenGate facilitates faster replication of transactional data to heterogeneous databases at different locations, and ensures this data is secure and always available online for analysis.”

Oracle GoldenGate has also enabled the administration staff to easily move thousands of transactions per second with little to no impact on source and target systems, hence making the whole process a faster and efficient one.