MUMBAI, MAY 26. Intel Corporation and National Stock Exchange announced today that Intel architecture-based servers would power the NSE Brokers Plaza. Due to be launched later this year, the Brokers Plaza will enable brokers and retail investors to e-trade securities listed on India's stock exchanges. The announcement was made in Mumbai today by Dr. Craig R. Barrett, President and Chief Executive Officer, Intel Corporation, and Dr. R. H. Patil, Managing Director, National Stock Exchange of India, and Chairman, NSE.IT. The Brokers Plaza will be run by DotEx International, a joint venture company of NSE's wholly owned subsidiary NSE.IT and i-flex Solutions Ltd (earlier CITIL). Addressing a press conference here today, Dr. Barrett said, ``This is an important step towards accelerating e-business in India not only because the National Stock Exchange is fundamental to the Indian economy and we believe it will encourage other companies and industries to examine their own e-business strategies.'' Dr. Patil said, ``We need to recognise that now is the time for us to build infrastructure and leverage on the emerging surge economy. This is a great move forward for the stock exchange and India as a whole.'' The Plaza is well positioned to provide trading services for the broker community. This ASP infrastructure will enable brokers to offer online trading facilities to a much larger community of retail investors. Intel will provide technology expertise, lab infrastructure for scaling, testing and architectural expertise to the application service provider effort. The Plaza will deploy a cluster of Intel Pentium III Xeon processor-based 8-way and 4-way servers for features for mission critical applications. Dr. Barrett said the company would continue with its core business and expand in the areas of Internet and in the segments of personal computers, servers, networking services and hosting facilities. He said Intel's venture fund arm would commit $100 million to India this calendar year and was interested in projects to do with the Internet, or the Internet economy, whether in hardware, software, infrastructure or local content. Copyrights: 2000 The Hindu & Tribeca Internet Initiatives Inc. Republication or redissemination of the contents of this screen are expressly prohibited without the consent of The Hindu & Tribeca Internet Initiatives Inc.