Rajesh Gopinathan Joins NSE Board: Strategic Move to Boost National Stock Exchange (NSE) Leadership

<ul>
    <li>Rajesh Gopinathan, former MD & CEO of Tata Consultancy Services, has joined the board of the National Stock Exchange (NSE).</li>
    <li>Gopinathan's appointment follows that of Veneet Nayar, former vice chairman & CEO of HCL Technologies, who joined the NSE board in September 2021.</li>
    <li>"His over 25 years of experience in the global technology industry will come in handy for the exchange," said a source.</li>
</ul>
<p><strong>Rajesh Gopinathan joins NSE board, bringing extensive tech industry experience to the exchange.</strong></p>
<h2><strong>Data Centre Shift</strong></h2>
<p>Rajesh Gopinathan's appointment comes at a pivotal time as the NSE plans to shift its data centre. The move is driven by the increasing dominance of colocation trading, which surged post-pandemic due to higher derivatives and cash volumes.</p>
<h3><strong>Colocation Dominance</strong></h3>
<p>Colocation involves high-frequency traders placing their servers within the exchange premises for a fee, allowing them to receive market data feeds milliseconds before others. This method has become the dominant mode of trading, accounting for 34.3% of gross turnover in the cash segment and 61.6% in the equities derivatives segment in FY24.</p>
<h3><strong>Conclusion</strong></h3>
<p>Rajesh Gopinathan's addition to the NSE board is a strategic move that aligns with the exchange's ongoing technological advancements and data centre shift. His extensive experience in the tech industry is expected to provide valuable insights, ensuring the NSE remains at the forefront of trading innovation.</p>