Update

Merce is now Remiges

From being a vendor to a partner to a collaborator to a symbiotic part of growth - Merce has grown to Remiges. With Product Engineering, Modern Applications, Cloud-first Business Applications & Modern Databases - Merce has modernised, grown and upgraded.

23rd Aug '23

PRISM for NSE

AT A GLANCE

Super-computer performance for real-time risk analysis at one of the top five stock exchanges in the world (measured in terms of number of trades per day).

Challenges, not problems

Allowing traders to trade with less margin money and yet tightly controlling their risk exposure with complex mathematical models run on supercomputers, not simple business rules.

Solutions, not ideas

Designing the PRISM (Parallel Risk Machine) which works on a cluster of relatively inexpensive computers with a low-latency communication layer (MIP) to tie the cluster together to deliver supercomputer performance with always-on reliability.

Now that’s value

PRISM integration enabled the NSE to reach unprecedented levels of trading throughput and risk mitigation. It became the only exchange in the world to use real-time Value-At-Risk analysis techniques to build an efficient marketplace.