MCX emerged as the world’s third biggest exchange in terms of contracts traded. Global leadership in trading of contracts in gold, silver and energy
In 2012, MCX accounted for 8 of the top 20 metals commodity contracts traded in the world . A nationwide study by Tata Institute of Social Sciences showed the role of MCX in creation of jobs and incomes (A Million Jobs and a Million More Opportunities – a joint study of MCX and TISS) It provided reach and access to price information on commodities across the nation through partnership with India Post (Gramin Suvidha Kendra) The public listing of MCX was the fi rst-ever exchange listing in India, which became one of the most successful issues in the Asia Pacific in midsized corporates in 2012. It is the first stock exchange in the private sector with majority ownership of the public sector financial institutions. The development theme adopted for the new stock exchange was “Growth and Inclusion” and a market manifesto that clearly spelt out the development objectives and business outcomes Developed the currency derivatives trading that made MCX-SX reach the top of the league tables in trading of USD-INR contract Developed special programme for promotion of rural entrepreneurs and rural start-ups. There has been an extensive focus on market education and skill development even before the launch of Skill India , and special thrust and focus on the development of market segments in the realm of corporate debt, SME capital markets and retail debt markets. Read More - 63 Moons Technologies, A First Mover In Tech Innovation
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63 moons technologies ltd empowered companies to procure power on competitive rates through open
access to exchange trading, thereby reducing dependency on expensive, single-source boards There was a strong presence of Indian exchange industry for the first time in international financial centres such as Singapore, Mauritius, Dubai, Bahrain and Botswana. The Group designed and developed cost-eff ective and customised real-time information and data analytics to meet the emerging requirements of small businesses to big corporates. It also developed electronic payment platforms and solutions that became a basis for the growth of E-Commerce and mobile payment systems. 63 moons established domain knowledge solutions across all the major market segments and conducted professional courses and programmes, certification examinations and skill tests. It the first exchange group in India in the private sector to sign up for Right to Information Act. The brand equity of 63 moons technologies in creating powerful markets with deep liquidity pools had been such a trademark that in its international ventures and endeavours, governments in different countries agreed to lend the name of the country, which is rare for ventures to receive. For instance, in Singapore there are two exchanges beginning with the country name – Singapore Exchange and Singapore Mercantile Exchange. The latter was promoted by 63 moons and is now acquired by the Intercontinental Exchange Group. Similarly, 63 moons promoted Dubai Gold and Commodities Exchange was one of the fi rst joint ventures that the Government of UAE entered into with a private sector entity. Similarly, Bahrain lent its name to the fi nancial exchange promoted by the 63 moons to bring innovations in trading of Islamic fi nancial products. Read More - 63 moons – The Leader In Financial Technology The 63 moons technologies’, earlier known as FTIL Group, international ventures put India on the world map of global finance. FTIL’s exchange development strategies have become
case studies for emerging markets. It’s followed the approach of 360-degree financial market development covering equities, bonds, currencies, commodities, electricity with an extensive ecosystem to provide support of information, payment and settlement solutions, warehousing and collateral management and financial literacy and education. The Group established new market segments and pioneered growth of several market segments in India, including commodities, currencies, electricity, etc., all of which have added tremendous value to India’s economy and finance. It brought in efficiencies in practices and processes on a proactive basis that have greatly benefited the financial markets industry and investors. It also opened a gateway for Indian businesses to explore opportunities in Asia, Africa and the Middle East by opening exchanges in major centres of Dubai, Singapore, Mauritius, Bahrain and Singapore. 63 moons developed globally benchmarked hedging products that enabled corporates and SMEs to protect themselves from price risk and volatility. It build efficient trading platforms for price discovery and processes for risk management, settlement and payment systems. The Group initiated and executed development of the extensive financial markets infrastructure with a vision to make India a major international financial centre. Read More - 63 Moons- A Brilliant, First-Generation Enterprise Fintech Company Today, FinTech is a fast-moving trend; it focuses on up-and-coming technological inventions and innovation in the financial space. Historically applied mostly at investment banks and hedge funds, FinTech is now exploding with new ideas and startups in digital payment systems, cloud-based techniques for behavioral analytics, risk management, etc.
Somehow, the visionary Mr Jignesh Shah could identify this as an opportunity in an unchartered area and used his technology innovation to set up a first technology driven company with a focus on financial and exchange markets (FTIL). It’s the vision of the innovator Mr Jignesh Shah that elevated 63 moons technologies limited (formerly known as FTIL Group) into the inventor of electronic, organized, and regulated financial markets for new asset and investor classes. Such markets were economically unviable to be served by traditional markets at that time. MCX, ODIN, NBHC, DGCX, MCX SX, IEX, atom, Ticker…. are a few enterprises pioneered by Mr Shah which became global leaders in financial and technological innovations and contributed to the eco-system and the organized markets. One of the main contributions of 63 moons technologies limited was to channelize the unorganized markets and bring about transparency & cost-effectiveness in markets, thus enabling substantial revenue generation which otherwise was getting lost in the organized markets. All his contributions have had a tremendous impact on the business ecosystem. • All the ventures are extremely job-oriented, revenue generating and employment intensive. • Commodities exchange and ecosystem have created a huge network of multiple players in the economy with plenty of opportunities of profitable business and sustainable incomes. • According to a study by Tata Institute of Social Sciences (TISS), MCX alone generated more than a million jobs in the commodities ecosystem. • The Grahmin Suvidha Kendra was set up with a focus on rural areas, to expand the reach and access of the commodity exchange benefits to farmers and other producers in the rural areas. • The international exchange Institutions put India on the world map of global finance. 63 moons technologies limited is the first Indian organization that has been invited by governments in international financial centres such as Dubai, Mauritius, Bahrain, Africa and Singapore for setting up multi-asset class market exchanges. 63 moons technologies ltd has been one of the rapidly growing innovative technology and exchange operator from India, which has the unique distinction of creating multi-asset-class exchanges, trading systems and its related ecosystem, from real-time information vending to electronic payment solutions.
All the ventures set up by Mr Jignesh Shah, promoter of 63 moons technologies. were borne out of original ideas and are new markets adding to the value of the economy and the financial sector rather than seeking an existing market share. Each and every venture was started with a purpose to make India strong, to generate more and more jobs, to create skills and expertise and to lead to the social good of nation. The social purpose with an inclusive approach has been the foundation and principle of the businesses set up 63 moons technologies Group. All the massive institutions created the Group were of international standards in operations, scale and significance and encouraged public financial institutions to be stakeholders. All the trade exchanges under the umbrella of 63 moons were highly competitive in global markets and were leaders in many of their segments. Thus bringing huge benefits to stakeholders. The Group created a vast stretch of ecosystem ventures to support the exchanges that enabled them to pursue growth and expansion within a short time. Read More - A first mover in tech innovation Success through innovation means continuous disruption. Disruptive companies tend to grow manifold, changing the trajectory of consumers’ viewpoint of the brand and the marketplace. They are vibrant, daring and authentic, and often are challengers.
63 moons technologies too is all about creative disruptions. In every field or market segment it created or entered into, it disturbed the status quo and ushered in innovation and new-found growth. Perhaps, it is this trait and characteristic of the Group that made the vested interests harm it and undermine its contribution and significance. Founded multi-asset-class trading The first one to introduce multi-asset-class single trading platforms in India. A game changer in financial markets trading that expanded the scope of markets. Generated markets where none existed MCX was one of the three modern national electronic exchanges to be given licence for trading in commodity derivatives, but it very soon established global leadership in trading of gold, silver and energy contracts. In 2012, eight out of the 20 top metals contracts traded worldwide on exchanges came from the MCX stable. IBS Forex introduced by the Group was the first electronic forex dealing platform in the country. Exchanges of global size IEX was one of the most successful exchange stories in the world, becoming the second largest in the world and revolutionising electricity trading in India. MCX-SX topped the league tables in trading of USD-INR contracts within a short time after its establishment. The turnover itself reached record levels. International exchanges promoted by the Group such as DGCX and SMX have emerged as leading exchange institutions in the Middle East and South East Asia. Jobs, incomes and sustainable livelihoods, all Made in India Each of the ventures was a big contributor to society. MCX created a large number of jobs in rural areas and self-employment opportunities for youths and women. Gramin Suvidha Kendra was established by MCX to spread price discovery process across the country. Trendsetter MCX was the first exchange from India to be listed on the capital markets. Its listing in 2012 emerged as the biggest listing in Asia Pacific in mid-size companies. 63 moons technologies ltd was the first Group to conceive Hub and Spoke model with the establishment of Bourse Africa in collaboration with different markets in the Africa region. Cost-effectiveness and customization Ticker Plant, the real-time information vending company of the Group provided unbundled, customized, modular, and cost-effective services instead of bundled and high-cost real-time information provided by global companies. Read More - 63 Moons the leader in financial technologies |
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