At a time when the Indian financial market infrastructure needed innovative products and solutions for global integration and capacity building, along with bridging the rural-urban divide, it was the path-breaking vision of Jignesh Shah that went beyond the traditional market structure to set up world-class financial technology systems and solutions in India.
The 63 moons group has extended the scope of competition in Indian financial markets, thereby contributing to efficiency. In an otherwise dormant and stagnant market, the innovations by the group promoted ventures expanded the depth and spread of the financial markets ecosystem leading to financial inclusion and last mile connectivity to the end users who otherwise were not a part of the main stream financial markets. The competition posed by the group has led to market efficiency, rapid market growth, expansion of new markets, technology innovations, product innovations, rural and retail participation, and easy access to the markets. The group has played a definitive role in democratizing the markets for the masses by bringing in transparency and efficiency. It’s the first group in India to develop exclusive institutional framework for providing supporting services vital to the exchanges such as risk management, collateral management, real time information, payment solutions and knowledge management.
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1/25/2023 10:57:10 pm
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