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NSE's Brokers Plaza to be powered by Intel servers 

Mumbai, May 26: The National Stock Exchange's (NSE) Brokers Plaza, an e-trading online site for retail investors, will be powered by Intel architecture-based servers. The announcement was made in Mumbai at a press meet held by Craig Barrett, president and chief executive officer (CEO) of Intel Corporation and NSE's managing director, RH Patil on Friday.

The outlay to setup the Brokers Plaza is estimated at Rs 25 crore. The tie-up for Intel servers is between Intel Corporation and DotEx International. DotEx is a joint venture between NSE.IT and i-flex Solutions, formerly called Citil. "This is a great move forward for the National Stock Exchange and India as a whole," Patil said. "We are pleased to have Intel with capabilities to supply pre-eminent and proven building blocks to the worldwide Internet economy and help u build the Brokerage Plaza online finance solutions in the Indian market," a written statement from the executive director of NSE.IT, Satish Naralkar said.

Brokers Plaza is positioned to provide trading services primarily for brokerages which will in turn offer online trading facilites to retail investors.

Intel also plans to invest in internet economy related to hardware, software, infrastructure and local content this year. The company has earmarked $100 million towards such venture funding, Craig said.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

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