More Stories

Informist, Tuesday, May 6, 2025

By Anshul Choudhary and Shakshi Jain

MUMBAI – BSE Ltd. is looking to add 200 co-location racks by the end of this financial year. Out of this, 100 racks are likely to come up in three to four months, said Sundararaman Ramamurthy, managing director and chief executive officer, in a analyst conference call post the company's March quarter earnings.

These new racks will be a mix of 15 kilovolt-amperes capacity and 6 kVA, he said. Currently, BSE has 300 such co-locations racks active and 200 of these are fully utilised. Ramamurthy said the remaining 100 have come up recently and may take another one to month to get fully occupied and reach "optimal" utilisation.

BSE will also come up with different kind of throttle rates for these racks soon, he said without giving more details about the exact timeline. Currently, BSE is not charging anything meaningful at per order rate from customers of co-location racks, he said.

Ramamurthy said the common contract note system is currently under testing and hope it will be live in the coming months. A contract note is a legal record of all transactions through stockbrokers on stock exchanges and includes all the trades executed on a particular day. Currently, traders get different contract notes for trades executed on NSE and BSE, and a common contract note will simplify it.

Earlier in the day, BSE reported that its a consolidated net profit for the March quarter more than doubled on quarter to INR 4.94 billion. This was driven by reversal of INR 1.1 billion provision made towards the core settlement quarantee fund. The company's consolidated revenue rose to INR 8.47 billion in the reporting quarter, up more than 10% on quarter. On Tuesday, shares of the company closed at INR 6,245 on the National Stock Exchange, down 3.2%.  End

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.