{"id":50635,"date":"2020-10-07T14:06:58","date_gmt":"2020-10-07T14:06:58","guid":{"rendered":"https:\/\/sectona.com\/?post_type=post&p=30779"},"modified":"2022-12-22T13:11:39","modified_gmt":"2022-12-22T13:11:39","slug":"iex-ensures-secure-trading","status":"publish","type":"post","link":"https:\/\/sectona.com\/resources\/case-study\/iex-ensures-secure-trading\/","title":{"rendered":"IEX secures trading for 6000+ participants with Sectona PAM"},"content":{"rendered":"\t\t
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Indian Energy Exchange (IEX) enables efficient trading for 6000+ participants with Sectona<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Case Study  |  2 min. read<\/span><\/p><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tDownload PDF<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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About IEX<\/h2>\r\n

Indian Energy Exchange (IEX) is India\u2019s first and largest energy trading exchange established in 2008 with its headquarters in New Delhi. It provides nationwide automated trading platform for physical delivery of electricity, renewable energy certificates and energy saving certificates. It enables efficient price and counter-party risk management for customers from the electricity market as well as the open access industries. They have an active registration of over 6500 participants, who are leveraging IEX\u2019s platform to manage their power post in a competitive and reliable way. The Exchange is publicly listed on the NSE and BSE.<\/p>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\"Indian\r\n

Industry<\/p>\r\n\r\n

Electric Utility<\/p>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Challenge<\/p>\r\n\r\n

Indian Energy Exchange (IEX) is approved and regulated by the Central Electricity Regulatory Commission. \r\nWith multiple product posts under its umbrella, the exchange is driven by a commitment to enable efficient trading execution for its increasing participants. The IT team of the Exchange has ensured adoption of start-of-the-art systems and technology to establish transparent and efficient energy marketplaces for delivering affordable, reliable energy to consumers. To uphold this mission, the Exchange needs a modern and secure approach to administrative user access management that would help them establish security best practices.
<\/br>\r\nLeveraging custom trading applications and critical network device applications are part of routine tasks for IT teams. Exposing such applications to external risk vectors can cause serious damages to the business. Conforming to the norms of access security, ensuring administrative credentials to such applications are not exposed and shared among multiple IT staff is of paramount importance. This is what led them to look for a Privileged Access Management (PAM) solution.
<\/br>\r\nIdentifying the gap, the team summarized three key objectives from PAM:\r\n <\/p>