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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Jignesh Shah, a visionary, a first-generation entrepreneur and an expert on market design, market structure and market architecture, is an innovator and global leader in creating new-generation financial technology and market ecosystems across all asset classes – equities, commodities, electricity, currencies, bonds and Islamic Shariah instruments. He is the only Asian to be recognized as ‘Dominant Financial & Futures Industry Leaders’, by the Futures Industry Association (US).
When the nation had just begun to open towards financial systems, 63 moons technologies, promoted by Jignesh Shah, pioneered the finest trading system for India against all odds. A cost effective brokerage system that enabled trading of Securities in India #1 trading software 80%+ Market share 63 moons created the first exchange in India to be listed on stock markets. It went on to be amongst the top 3 global commodities futures exchanges and #1 in gold and silver in the world. When commodity trading was in dire need of risk management, 63 moons pioneered India’s largest warehouse and collateral management facility 63 moons ventured the first-ever commodity derivatives exchange in Dubai. First-ever joint venture between a private sector company and the UAE Govt When the mobile was just a means of communication, 63 moons developed India’s first real-time disseminator for secure mobile payments. When buying information for business was costly, 63 moons envisioned and launched a real-time information system that provided cost effective data and analytics to numerous businesses, small or big. Every business of Jignesh Shah has served a purpose that was beneficial to the country and its people. |
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September 2020
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