The Muscat Securities Market(MSM) has activated a new high-speed virtual link, developed with Omantel, to connect the sites of 25 banks and brokerage houses with the bourse to enable quicker and safer deals and transactions. The deal was announced on October 24, 2010.
The virtual network has been developed using a multi-protocol label switching (MPLS) system to provide confidentiality and back-up in case of failures.
Ali Saleh al Hadid, general manager of sales at Omantel Business, told Muscat Daily that the system can "simultaneously handle multiple types of traffic, including data and video to all corporate customers."
He said, "The MPLS system is increasingly becoming an integral part of corporate customers' day-to-day commercial operations. MPLS provides end-to-end connectivity and allows intranet, extranet and remote access capabilities."Confidentiality of data has always been of concern for corporate customers and the MPLS network provides the right platform to ensure such confidentiality."
Hadid added that key benefits of the new system include the flexibility to easily deploy new applications on a company's network, rapid deployment, nationwide availability and high performance, explaining the link is "as secure as private lease line and ATM services" which are constantly monitored.
The project is supported by a service level agreement that guarantees a 99.99 per cent standard quality.
© Muscat Daily 2011
