Technology, leadership key in stock exchange

He said this is due to the nature of transactions involved primarily; the trading, settlement and maintenance of investor information through the use of technology.

Addressing delegates at the Live2Lead leadership training seminar held at Travel Lodge recently, Tsheole said the faster and more efficient the technology is, the more attractive it is to the stock exchanges. “In fact, in markets that move faster like in New York Stock Exchange there are huge data centres in New Jersey specifically for matching trades and this happens in a fraction of a second,” he said. Tsheole said the BSE has as a result embraced technology as it serves an important purpose of improving efficiencies in line with international best practice. The BSE has so far introduced some technologies. He said the commissioning of the electronic trading system in 2012 has been one of the most important infrastructure investments in the local bourse.