National Stock Exchange Deploys Liquid Cooling Technology to Support AI Infrastructure Expansion

The National Stock Exchange (NSE) has announced plans to expand its artificial intelligence computing capacity to up to 224 graphics processing units (GPUs). The initiative is part of an ongoing effort by the exchange to strengthen its technology infrastructure to handle increasing AI workloads and future computing demands.

As part of this infrastructure upgrade, the exchange has deployed a Direct-to-Chip Liquid Cooling (DCLC) solution at its on-premises data centre. According to the NSE, this marks the first such deployment of liquid cooling technology within the Indian capital markets.

The exchange has already deployed multiple GPUs and intends to scale this capacity to over 80 GPUs during the current quarter. The physical infrastructure has been designed to support up to 224 GPUs across high-density racks, providing the exchange with room for further expansion as it scales its artificial intelligence applications.

The implementation of the scalable cooling architecture is designed to address the high power and cooling demands associated with dense GPU-based computing. Furthermore, the NSE noted that maintaining this infrastructure on-premises reinforces its data sovereignty. This setup allows the exchange to retain complete control over its AI data, computing resources, and access parameters, aligning with its security governance framework and regulatory compliance requirements.

Viral Mody, Executive Director at NSE, stated that the organization is investing in advanced technologies to improve operational efficiency and encourage responsible resource utilisation. He noted that the direct-to-chip liquid cooling deployment prepares the exchange for evolving computing requirements while supporting a more energy-conscious technology ecosystem.

Sampath Manickam, Chief Technology Officer at NSE, highlighted that artificial intelligence is driving changes in technology infrastructure by demanding higher computing density, power, and cooling capabilities. He added that the DCLC deployment establishes an energy-efficient foundation for high-density GPU computing and prepares the organization for future AI workloads.

Looking ahead, the exchange also plans to extend this liquid cooling technology to its co-location data centre based on the operational requirements of market participants. This initiative forms part of the NSE's wider strategy to build scalable technology infrastructure suited to the changing needs of India's capital markets.

"The adoption of direct-to-chip liquid cooling by the National Stock Exchange highlights a critical shift in how high-density computing infrastructure is managed in India. As financial institutions increasingly rely on artificial intelligence, managing power density, cooling efficiency, and data sovereignty on-premises becomes a vital operational priority. This infrastructure upgrade demonstrates how core financial markets are scaling their technology foundations to handle heavier workloads while maintaining strict regulatory compliance and energy consciousness." — Dr. Shishir Gupta, Founder & CEO, StartupLanes