To provide an 'anywhere' trading facility, the BFX has created a highly secure Internet trading environment for its Members. Members have to approach an Internet Service Provider (ISP), depending on their location for an internet connection.
Members can either opt for Dedicated Internet Access or a Shared Internet Access. The last mile media (a Member's office to the ISP location) can be a leased line, cable or Ethernet depending on the respective ISP. The recommended bandwidth is 128 kbps and above.
Generally ISPs provide the necessary equipment required for internet connectivity. However, a Member may have to procure a router or modem based on the service provider’s requirements. The bandwidth charges are also dependent on the ISPs and the corresponding plan that the Members opts for.
Security on the Internet
To provide a highly secure trading environment, the Exchange has deployed a state of the art security solution based on global standards. All data will be encrypted by using a Secured Socket Layer (SSL) based VPN solution. Multiple authentications mechanisms and monitoring systems make the environment secure.
Internet members will receive a security access token (RSA) for the first tier authentication.
MPLS is one of the most cost effective, secure and scalable VPN solutions, offered by telecom service providers. MPLS delivers a solution that integrates the control of IP routing with simplicity of layer2 switching. MPLS has emerged from the IETF’s efforts to standardise the set of proprietary multi-layer switching solutions without compromising on security such as authentication, confidentiality and integrity. The solution is extremely flexible and adaptable with all the security of a private network.
MPLS provides a foundation that supports the deployment of advanced routing services because it solves a number of complex problems like:
- The scalability issue associated with point to point lease circuits
- Reduction in the complexity of network operations
- Resource allocation thereby assuring Committed Information Rate (CIR)
- Multiple terminals can be operated at the remote site using a single connection