Leading bourse National Stock Exchange (NSE) today announced successful completion of live trading and settlement operations from its disaster recovery site.
"NSE has seamlessly and successfully completed live trading and settlement operations from the disaster recovery site today and on November 5," an exchange spokesperson said.
A disaster recovery site is necessary for all critical institutions like exchanges, so that operations can be done seamlessly and smoothly, if any extraneous event affects the functioning of the main trading centre in Mumbai.
This is the first time that any Indian exchange has conducted live trading from a disaster recovery site, on a working day.
Earlier mock trading has been done from the disaster recovery site. NSE's members trade from two lakh trading terminals, from different parts of the country.
Earlier on October 27, NSE had issued a circular that they would be conducting live trading from their disaster recovery site.
