IL&FS Securities Services Ltd (ISSL), a Securities Services firms based in India, and eHosting DataFort (eHDF), managed hosting and cloud infrastructure services provider, has recently signed a partnership to provide innovative Managed Services covering IT infrastructure, Remote Disaster Recovery and back office operations support for financial brokerage firms operating within UAE’s financial exchanges.
This partnership will allow users to choose from a wide range of solutions including primary IT infrastructure hosting, disaster recovery services and back office solutions.
An MoU was signed by Yasser Zeineldin, CEO, eHosting DataFort and Anil Somaiya, CTO, ISSL at an event that was also attended by senior member representatives of Dubai Financial Market (DFM), Dubai Gold and Commodities Exchange (DGCX), Abu Dhabi Exchange (ADX), as well as members of leading UAE financial brokerage firms.
“We are very pleased at starting this relationship with eHosting DataFort. We believe that the managed services solution, as a combination of IT infrastructure and back office services, is value accretive and would lead to ease in business for brokerage firms,” added Anil Somaiya, CTO, ISSL
Yasser Zeineldin, CEO, eHosting DataFor, said, “The UAE is a regional financial and trading hub where financial brokerages operate with critical client information that needs to be secure and always available. It is important for their clients to be able to stay connected to financial exchanges for their everyday transactions. This prompted us to develop a unique solution for disaster recovery and business continuity for the financial markets. We are extremely pleased to be working with ISSL to provide value-added services to meet the unique requirements for this vertical. “
During the event, eHDF conducted a presentation on the unique DR solution, which was followed by a demonstration of the first such solution implemented for JRG International Brokerage DMCC in the UAE. The solution allows UAE’s brokerage firms to host their trading platform on a secure hosted private cloud platform with a primary in-country DR failover site in eHDF’s data centres in Dubai as well as secondary DR failover site. A remote DR hosting services is also available as an option, in addition to back and middle office operations support which would be provided by ISSL.