The Nairobi Securities Exchange has upgraded its trading platform from a Multi-Protocol Label Switching network with the Software-defined Wide Area Network (SD-WAN) supported by Safaricom.
According to NSE, the Label Switching network has been in use since 2011. However, with the SD-WAN it will allow businesses to leverage any combination of transport services, including MPLS, Long Term Evolution (LTE) and broadband internet services.
“The network interconnects the NSE, the Central Depository and Settlement Corporation and all the trading participants in the market to offer higher trading platform availability,” NSE CEO Geoffrey Odundo said on Friday.
“The SD-WAN will be transformational for the market as it will reduce connectivity costs to the brokers by approximately 30 per cent, ensure higher uptime and performance and increase network security,” he added.
— Safaricom PLC (@SafaricomPLC) February 5, 2021
Peter Ndegwa, CEO, Safaricom noted, “We are excited to extend our range of capabilities and technology to the Nairobi Securities Exchange to empower them in their next phase of growth. This investment will provide the NSE with modern and future proof solutions to achieve cost efficiencies, tap new opportunities and innovate for their customers in a digital era.”