Dotex Plaza in News

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.

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Intel server support for NSE Brokers Plaza