Enables Compliance To Regulatory Policies And Promotes
Market Integrity By Capturing And Monitoring Market Data In Real-Time.
INDIA, Mumbai, May 09, 2006: Wipro Infotech and Oracle implemented phase
– I of the BSE’s Online Surveillance System-integrated (BOSS-i), in
August 2005. BOSS-i caters to Bombay Stock Exchange’s (BSE) complex market
vigilance requirements and promotes market integrity by providing a capturing
trading data in Equities & Derivatives market. BSE is a premier
stock exchange with global benchmarks of over 5 million transactions per day.
Therefore it is critical for the Exchange to have an integrated surveillance system
for effective monitoring and compliance. BOSS-i comprises alerts
generation engine and provide rules based advanced analytics. The integrated structure
permits surveillance on all major parameters for any suspicious activity. The
real-time monitoring and data management was made possible through Oracle TimesTen,
the In-Memory Database that empowers applications with instant responsiveness
and very high throughput for performance and critical functions in real- time.
Wipro Infotech deployed Oracle TimesTen and developed a logical model for real
time information and workflow. This complex data warehouse and intelligence model
permits scenario detection, analysis, query and reporting. “This
is a truly integrated Market Surveillance System, interfacing with source systems
within BSE. Among other benefits, this solution helps us in improving the speed
of investigations and catering to regulatory requirements.” said Rajnikant
Patel, Managing Director & CEO, BSE. “Being the premier
stock exchange, we chose equally capable partners like Oracle and Wipro Infotech
for Memory Rich Database, Integration and Deployment Skills respectively”
Patel added. “It is a matter of great prestige that Wipro has
implemented this mission critical solution for India's premier stock exchange.
We are pleased to have implemented such a complex system, which is one of the
most important tool for achieving the objectives of surveillance. The system helps
in detecting potential market abuses in a much efficient manner. This deployment
is a testimony of our capabilities in Data Warehousing, Business Intelligence
and Domain understanding”, said Rajat Mathur – Chief Executive- Business
Solutions and Head – International Operations, Wipro Infotech. “The
Oracle TimesTen In- Memory Database is the foundation product for real-time data
management. This industry leading solution powers mission critical components
of the Stock Exchange’s surveillance system. We are happy to be associated
with this critical deployment in BSE,” said Krishan Dhawan, Managing Director,
Oracle India Private Limited. About Oracle India
Oracle has been
operating in India since 1987. Oracle India Private Ltd, a subsidiary of Oracle
Corporation was set up in 1993. Oracle was one of the first international software
companies to set up an India Development Centre in 1994. Today, Oracle's two India
Development Centres, at Bangalore and Hyderabad, work closely with Oracle's global
software development team, headquartered at Redwood Shores, California, on the
entire Oracle product family. India is also a hub for several of Oracle's global
support, consulting and financial services operations. Through its offices in
Delhi, Bangalore, Kolkata, Chennai, Hyderabad, Mumbai and Gurgaon, and an extensive
network of more than 200 channel and alliance partners under the Oracle PartnerNetwork,
Oracle India markets the complete range of Oracle products and services across
India. Oracle products are supported on 13 major Indian languages. Oracle India
has more than 6,400 customers in the telecommunications, banking, insurance, manufacturing
and utilities industries, across the government and private sector. Oracle India
is a major partner for E-Governance initiatives of Central and State Government
bodies in India. The Oracle-HP E-Governance Centre of Excellence is located at
Oracle India’s head office in Gurgaon, near New Delhi.
About
Oracle
Oracle (NASDAQ: ORCL) is the world’s largest enterprise software
company. For more information about Oracle, visit our Web site at http://www.oracle.com/.
Trademarks
Oracle, JD Edwards, PeopleSoft, and Siebel are registered
trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks
of their respective owners. About Bombay Stock Exchange Limited Bombay
Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage.
Popularly known as "BSE", it was established as "The Native Share
& Stock Brokers Association" in 1875. It is the first stock exchange
in the country to obtain permanent recognition in 1956 from the Government of
India under the Securities Contracts (Regulation) Act, 1956. The Exchange's pivotal
and pre-eminent role in the development of the Indian capital market is widely
recognized and its index, SENSEX, is tracked worldwide. Earlier an Association
of Persons (AOP), the Exchange is now a corporate entity incorporated under the
provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and
Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of
India (SEBI). The Exchange provides an efficient and transparent market for trading
in equity, debt instruments and derivatives. The BSE's On Line Trading System
(BOLT) is a proprietary system of the Exchange and is BS 7799-2-2002 certified.
The surveillance and clearing & settlement functions of the Exchange are ISO
9001:2000 certified. About Wipro Infotech Wipro Infotech,
a division of the US$ 2.39 billion Wipro Limited, provides enterprise customers
with high value Information Technology Products, Services, Solutions and Consulting
Services in India, and provides Technology & Software Services and Consulting
Services in the Middle East and ASEAN. It is the world’s first Products,
Services and Solutions Company to be certified, Enterprise wide at Level 5, Version
2.0 of PCMM. Headquartered at Bangalore, Wipro Infotech serves customers in India
through a network of 22 offices and 170 service locations across the country.
It has business offices in the Middle East and Asia Pacific. Wipro Infotech is
ranked No. 2 in Indian Domestic IT Services Market in 2005, according to IDC's
report Indian IT Services Market Analysis 2005-10. About Wipro Limited
Wipro provides comprehensive IT solutions and services, including systems
integration, information systems outsourcing, IT enabled services, package implementation,
software application development and maintenance, and research and development
services to corporations globally. Wipro Limited is the first PCMM Level 5 and
SEI CMM Level 5 certified IT Services Company globally. In the Indian market,
Wipro is a leader in providing IT solutions and services for the corporate segment
in India offering system integration, network integration, software solutions
and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT
solutions and services for global corporations. Wipro also has profitable presence
in niche market segments of consumer products and lighting. Wipro’s ADSs
are listed on the New York Stock Exchange, and its equity shares are listed in
India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more
information, please visit our websites at www.wipro.com, www.wiprocorporate.com
, and www.wipro.in Wipro’s forward looking and cautionary statements Forward-looking
and cautionary statements Certain statements in this release concerning our future
growth prospects and our ability to successfully complete and integrate potential
acquisitions are forward looking statements, which involve a number of risks,
and uncertainties that could cause actual results to differ materially from those
in such forward looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
our ability to integrate and manage acquired IT professionals, our ability to
integrate acquired assets in a cost effective and timely manner, fluctuations
in earnings, our ability to manage growth, intense competition in IT services
including those factors which may affect our cost advantage, wage increases in
India, our ability to attract and retain highly skilled professionals, time and
cost overruns on fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, our ability to manage our international operations,
reduced demand for technology in our key focus areas, disruptions in telecommunication
networks, liability for damages on our service contracts, the success of the companies
in which Wipro has made strategic investments, withdrawal of fiscal governmental
incentives, political instability, legal restrictions on raising capital or acquiring
companies outside India, unauthorized use of our intellectual property and general
economic conditions affecting our industry. Additional risks that could affect
our future operating results are more fully described in our filings with the
United States Securities and Exchange Commission. These filings are available
at www.sec.gov. Wipro may, from time to time, make additional written and oral
forward looking statements, including statements contained in the company's filings
with the Securities and Exchange Commission and our reports to shareholders. Wipro
does not undertake to update any forward-looking statement that may be made from
time to time by or on behalf of the company. | 
