NSE Launches a State-Of-The Art Data Centre


Tuesday, August 29, 2017 / 12:54 PM / NSE


The Nigerian Stock Exchange (NSE) is pleased to announce that it has launched a state-of-the art Data Centre on August 28, 2017. The Data Center which was commissioned by the Honourable Minister of Science and Technology, Dr. Ogbonnaya Onu, has been built to Uptime Institute’s TIER III design standards.


The Data Centre is consistent with NSE’s tradition of pioneering far-reaching innovations within the Nigerian Capital Market. With this implementation, the NSE can now offer state of the art and secure cloud services to both market operators and any firm interested in having a low-cost, highly available service for their customer base.


The Honourable Minister of Science and Technology commended the Exchange for achieving the milestone of a Tier III data centre which is not common place in Nigeria. “I am pleased with the strides the Exchange is taking in ensuring it is the best in Africa especially through technological innovations. Technology remains one of the drivers of growth for any economy and am impressed that the Exchange is at the forefront of adoption while partnering with other Nigerian companies”.


According to Ade Bajomo, Executive Director, Market Operations and Technology, NSE, the Data Center provides a secure, reliable and advanced physical and technical environment for the Exchange. “It comes with real time monitoring of active devices, n+1 resistance of all critical components, 99.982% availability, uninterrupted power supply and market leading cloud hosting capabilities.


Data is replicated in real time offsite to a Tier III partner data Centre that is 25km away from the production site. These features place NSE’s services at par with the best exchanges globally”. “The new Tier III Data centre re-affirms NSE’s ongoing commitment to digitally transform the Nigerian Capital Market and enable financial inclusion”, he added.


“The NSE Data Center allows the Exchange to strengthen the adoption of digital techniques within its ecosystem and provides our stockbroking firms with the option of hosting their infrastructure in a 24x7 highly available and efficient platform. At the Exchange, we strive to maintain 100% availability of all market platforms and have been very successful in this quest.


Currently, 90% of all trades are also done outside the Exchange, in a fully automated manner and the criticality of the data centre is key for market confidence and growith. Our Data Center can currently host 50 clients but can scale up rapidly with demand“, he said.


Speaking on the sustainability aspects of the Data Centre, Bajomo noted that “data centres are one of the highest energy consuming operations in the world and consume around 2% of the total power generated globally.


A significant aspect of data centre operating expenses is also related to power usage and the need to be power efficient is critical. At the Exchange, we have chosen our components and cooling strategy carefully to conserve energy”.


The Nigerian Stock Exchange continues to take huge strides in the digitization journey and position itself as a world class Exchange with best-in-class technology. In 2013, we launched X-GEN which is the fastest trading platform in Africa with low latency capabilities.


On the back of this, we implemented TradeSmart to assist our Dealing Member firms in achieving a broader reach, leveraging mobile phone penetration in the country. We have deepened our regulatory capabilities and facilitated the achievement of better compliance and monitoring by both issuers and operators by implementing platforms such as X-ISSUER and X-BOSS.


We also recently implemented X-Smart which brings an unprecedented level of surveillance technology into our market place and have a number of market aligned innovative initiatives in the pipeline.

Watch Video

Proshare Nigeria Pvt. Ltd.


Related News

1.      With Innovation Nigeria can compete globally-Dr Ogbonnaya Onu

2.      Searching For A Nexus Between Corporate Performance And The Economy - Is it Deja Vu All Over Again?

3.      The Continuing Surge of the NSEASI

4.      Domestic and Foreign Portfolio Participation in Equity Trading – June 2017

5.      African Alliance Stockbrokers Limited Resigns Its NSE Dealing Membership

6.      NSE Lifts Suspension of Trading in the Shares of Equity Assurance Plc

7.      Lagos Now Well Ahead of The Pack

8.     NSE Lifts Suspension of Trading on the Shares of Sovereign Trust Insurance Plc

9.      UNIONDICON, ASOSAVINGS, GOLDINSURE, OMATEK and 13 Others Suspended by the NSE from Bourse

10.  NSE Reviews Market Indices; Fidelity Bank, Total Nigeria Make Final Incoming Companies

11.   Domestic and Foreign Portfolio Participation in Equity Trading – May 2017

12.  Trading 212 Launches UK’s First Zero Commission Share Trading Service

13.  NSE Review Market Indices; FCMB, SKYEBANK Are Likely Incoming Companies

14.  MSCI delays decision on the reclassification of the MSCI Argentina and Nigeria Indexes

15.   NSE-Bloomberg CEO Roundtable: Salami calls for sustainable, sustained and inclusive economic growth

16.  CSCS holds 23rd AGM, pays 21k dividend to shareholders

Related News