Jignesh Shah, an entrepreneur turned innovator, established 10 exchange ventures across the country and abroad, within a short span of 10 years. Mr Shah, being an expert in the financial market infrastructure conquered new heights across the globe through his ventures. Shah’s most significant contribution to the markets is that he crushed the monopoly and democratised the markets to all.
A decade ago, the Indian financial markets passed through a fascinating phase as it witnessed tremendous growth opportunities. The markets were booming and increased use of modern technology in the financial industry filled the void of inaccessibility to financial services to all in the country. Applauded by global think-tanks as a pioneer in developing the financial markets, Jignesh Shah ensured inclusive growth from the top to bottom of the pyramid. For example, the launch of MCX had all stakeholders including the farmers from different villages across India contributing to the development of the commodities market. Shah's vision was such that he launched India's largest warehouse and collateral management facility, the National Bulk Handling Corporation (NBHC), so that farmers could store their products and enjoy the price advantage of the supply and demand chain. It was a dream come true to the ‘Innovator of Modern Financial Markets’ Jignesh Shah. His vision was cherished, nurtured and developed through 63 moons technologies limited (formerly, Financial Technologies (India) Limited). Earlier, the rural-urban divide as well as poor market infrastructure had created a wedge between India and other global markets. The use of fintech has transformed the way businesses are carried out in the global financial markets. The ability of the new technology to capture and process data in real time is changing the work process and is taking them to new heights. How products and services are conceived in the new economy and the way consumers participate in this process have evolved considerably in the past few years Convenience, speed and transparency are the major factors that fintech firms are leveraging to capitalise on the Indian economy. 63 moons through its next-generation technology ventures, innovations, platforms, and solutions placed India on par with global markets.
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It was more than a decade ago that 63moons technologies limited, had taken the markets by storm with its various tech-innovations in Exchange technology. The company is actively involved in the development of technologies and innovative intellectual property in new-generation businesses. The long list of its products and services include-Brokerage technology solutions such as ODIN, Exchange technology solutions such as DOME, Messaging Solutions and Risk solutions, etc.
ODIN is the No 1 trading terminal of Indian markets. It is the centre of gravity for online trading IP that provides real-time connectivity to multiple exchanges and offers highest order execution speed and operational stability across asset classes – Equities (Cash and F&O), Commodities (Spot and F&O), Currency (Spot and F&O) and Bond (IRF). In its 20-years, it has empowered India with 25 lakh jobs, positively impacting 1 crore livelihoods. DOME, on the other hand, is an online trading software that covers all the stages of the Trading Life Cycle. Trading activities in various exchange compatible instruments are facilitated with order matching based on principles capable enough to handle various asset classes and functional innovations. Ideal stock exchange software for new generation markets to provide flawless performance. It incorporates appealing features and works on advanced technology which facilitates higher accessibility, ensuring speedy performance, and greater risk management. The Group has developed a range of share market software that simplifies the trading and settlement of products that enable any exchange to seamlessly operate in local or cross-border markets. 63 moons through its product offerings in order management, order matching, surveillance and market data dissemination provides a robust, flawless and resilient platform, which empowers exchanges to be technologically strong. High performance, scalability, seamless integration, component based layered architecture are the few value prepositions which makes these product offerings a smart choice for the exchanges. It is one place that lets you focus on your business and takes charge of building and maintaining your market place solution. 63moons Technologies has been an innovator in financial services for several decades based on the application of data-driven analytics. With the core mission to enable digital ecology and having a vast network of resources, 63 moons helps you come up with your ideas, go to market and enable expansion. The transformative and disruptive innovation to financial services enabled the group to pursue growth and expansion within a very short span of time. |
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