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词条 Financial Technologies Group
释义

  1. Evolution

  2. About Jignesh Shah

  3. Products/Solutions

  4. Subsidiaries

  5. NSEL case

  6. See also

  7. References

  8. External links

{{EngvarB|date=May 2014}}{{Use dmy dates|date=May 2014}}{{advert|date=July 2018}}{{Infobox company
| logo = Financial Technologies India logo.svg
| logo_size = 250px
| type = Public company
|traded_as={{BSE|FINTECH}}
{{NSE|FINANTECH}}
| key_people = S Rajendran, Managing Director and CEO, Venkat Chary, Chairman [1]
| industry = Computer services on finance/banking[2]
| products = Software
| revenue = {{INRConvert|3.8|m}} (as of 2016)[3]
| num_employees = 857 as of December 2016 [4]
| homepage = {{url|http://www.63moons.com/}}
| name = Financial Technologies (India) Limited
| foundation = 1988
| location = Chennai, India[4]
}}Financial Technologies (India) Limited (FTIL) (now known as 63 moons technologies limited) is an Indian financial services company, formed in 1988.[5] Founded by Jignesh Shah, the Financial Technologies Group technology solutions and has built multi-asset class exchanges in India, Singapore, Middle-East and Africa.[6] The group offers technology IP (Intellectual Property) to create and trade on financial markets, across asset classes including equities, commodities, currencies and bonds among others.[7]

Evolution

The company commenced operations in 1988 starting off with the development of technology products that served to connect the financial markets. It had its first IPO in 1995. The company's foray into the exchange business was established when it introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003.[8] It went on to establishing similar exchanges in India and across the world, connecting fast growing economies.[9]

About Jignesh Shah

Jignesh Shah is a first generation entrepreneur whose efforts pioneered Make in India concept way before it was conceptualized.[10] While working at Bombay Stock Exchange, Shah traveled extensively to learn how stock exchanges work around the world. Realising the untapped opportunities in the financial markets, Jignesh Shah took the plunge to become an entrepreneur and launched the Financial Technologies Group.[8][11]

One of the major contributions of Jignesh Shah to the nation's business growth is the Multi Commodity Exchange (MCX) which became the second largest commodity Exchange in the world and the No.1 Commodity Derivatives Exchange in India.[8]

Shah is currently Chairman Emeritus of Financial Technologies since he resigned from the post of Chairman & Managing Director on November 20, 2014.[12]

Products/Solutions

The group has an array of software products across three business divisions mainly Exchange Technology Solutions, Brokerage Technology Solutions and Risk Solutions. The flagship product ODIN is a market leader among trading software in markets across the country.[13][14]

Exchange Technology Solutions:

The group has developed a range of financial market software that simplifies the trading and settlement of Multi-Asset and Multi-Currency products, to enable any exchange to seamlessly operate in local or cross-border markets.[15]

Brokerage Technology Solutions:

The group is the pioneer in providing end-to-end solutions for Brokers in India and across the world. The solutions cater to the Equity, Forex, Commodity and Derivatives Markets, covering all stages of a Trade Life Cycle, i.e. Pre-Trade and Post-Trade.[16]

Risk Solutions:

The Risk Solution provides highly secure software applications which are categorically designed as Risk Management System to the BFSI sector in Information Management area and Regulatory Capital Computation for all types of risks and compliance reporting.[17]

Subsidiaries

  • Atom Technologies: India's first real-time disseminator for secure mobile payments. When the mobile was just a means of communication, founder of 63 moons, Jignesh Shah, developed India’s 1st real-time disseminator for secure mobile payments. Atom technologies went to become India's first multi and omni channel payments service provider offering its services across internet, POS, IVR and mobile as well as supporting multiple payment options.[18]
  • Ticker Plant: A real-time information system that provides cost-effective data and analytics to brokerage firms & other businesses. When buying information for business was costly, Jignesh Shah and the group envisioned and launched a real-time information system that provided cost-effective data and analytics to numerous businesses, small or big. TicketPlant is an analytics platform with real time streaming of market information on domestic and international exchanges as well as OTS markets.[19]
{{larger|Domestic Ventures}}
  • MCX: India's 1st publicly listed exchange that created 1 million jobs in the country. It contributed 1% of the country's GDP in less than a decade. 63 moons, then Financial technologies, created the first ever commodity exchange of India, which later on, also became the first ever exchange to be listed in the capital market. Envisioned by technocrat Jignesh Shah, this one-of-a-kind exchange went on to become as one of the top three commodities futures exchanges in the world and capitulated to number one in gold and silver position across the international financial markets. In February 2012, MCX had come out with a public issue of 6,427,378 Equity Shares of Rs. 10 face value in the price band of Rs. 860 to Rs. 1,032 per equity share to raise around $134 million. It was the first ever IPO by an Indian exchange and made MCX India’s only publicly listed exchange. The MCX IPO received phenomenal response of nearly US$ 7 billion subscription to an issue size of US$ 132 million. On the very first day of listing, MCX had more than 3 lakh investors. FinanceAsia, a Hong Kong based publication house awarded MCX IPO as the 'Best Midcap Equity Deal in Entire Asia Pacific for 2012.'[20]
  • IEX: A revolutionary concept in trading electricity futures, became India's No. 1 Energy Exchange and among the leading exchanges globally. When Small and Medium-sized enterprises faced uncertain power failures, visionary Jignesh Shah, envisioned India’s first ever exchange in electricity futures. Indian Energy Exchange became the first ever exchange to operate in supply-deficit scenario.[21]
  • MCX-SX: A stock exchange for trading in equity, futures & options, currency derivatives and debt market segments. When other century-old exchanges were battling to create market depth, founder of 63 moons, Jignesh Shah, conceptualised an exchange for trading futures & options, currency derivatives, and debt market segments. MCX-SX elevated the position of Indian financial markets.[22]
  • NSEL: A national level integrated online market for spot trading of commodities in agriculture and non-agriculture produce. India's first commodity spot exchange NSEL was conceived and established keeping the then Hon. Prime Minister's vision to create a 'single market' across the country for both manufactured and agricultural produce. [23]
  • NBHC: India's No. 1 private sector warehouse and collateral management company. When commodity trading was in dire need of risk management, founder of 63 moons, Jignesh Shah pioneered India’s largest warehouse and collateral management facility. The launch of National Bulk Handling Corporation Limited witnessed a streamlined mushrooming of warehouse and collateral management facilities across the nation.[24]
  • ODIN: When the nation had just started embracing online financial trading systems, Jignesh Shah pioneered the finest trading system ODIN for the country. This innovation was a cost effective brokerage technology solution that enabled trading of securities in India. ODIN has the distinction of being the No. 1 trading software with over 80% market share.[25]
  • DOME:Exchange Technology Solutions, an arm of 63 moons has been developed keeping in mind the changing trends in the financial markets. Understanding the need for consistent system in evolving and dynamic financial market, technology innovator Jignesh Shah introduced crucial products such as DOME in the market. This division offers Exchange Technology Framework Product Suite which includes cutting edge software specialising in framing the support system for exchange operations.[26]
  • Risk Solutions: A division of 63 moons that enabled regulatory bodies, financial institutions and large corporations to streamline comprehensive data and create risk management reports factoring the regulatory compliances.[26]
{{larger|International Ventures}}
  • DGCX: The first-ever commodity derivatives exchange in Dubai & also the first-ever JV between a private sector company & the Government of UAE. 63 moons created history by setting up the first ever commodity derivatives exchange in Dubai. Dubai Gold and Commodities Exchange has the distinction of being the first ever joint venture between a private sector company and the United Arab Emirates (UAE) Government.[27]
  • SMX: A leading cross-border exchange set up in Singapore to connect markets in Asia, Africa & Middle East. When China was re-establishing its presence in silk routes, 63 moons, single-handedly created cross border trading routes to connect markets in Asia, Africa, & Middle East. 63 moons founder Jignesh Shah created a cutting edge electronic system that synchronised derivatives and physical trading in commodities in Singapore with the Asian time zone.[28]
  • BFX: The first exchange from India to offer trading in Sukuk and other Sharia-compliant financial instruments in Bahrain. Under the leadership Jignesh Shah, 63 moons has been the first Indian company to set up an exchange, which offers trading in Sukuk and other Shariah compliant financial instruments in Bahrain.[29]
  • Bourse Africa: A leading multi-asset exchange, it took Indian innovation to the African continent. Innovation guru Jignesh Shah established a leading multi-asset exchange in Africa and opened opportunities in the continent. Bourse Africa is the first Pan-African exchange that catered to financial and commodity markets.[30][31]

FTIL has divested of its domestic and international ventures.[12]

NSEL case

FTIL rented a property from Rahul Gandhi and Priyanka Vadra on 1 February 2013.[32]

See also

  • List of stock exchanges

References

1. ^Board of Directors. {{webarchive |url=https://web.archive.org/web/20120816005815/http://www.ftindia.com/investors/corporategovernance/bod.htm |date=16 August 2012 }}
2. ^{{Cite web|url=https://www.moneycontrol.com/india/stockpricequote/computers-software/63moonstechnologies/FT02|title=63 Moons Technologies Ltd. Stock Price, Share Price, Live BSE/NSE, 63 Moons Technologies Ltd. Bids Offers. Buy/Sell 63 Moons Technologies Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes|website=www.moneycontrol.com}}
3. ^{{cite web|url=http://www.bseindia.com/stock-share-price/stockreach_financials.aspx?scripcode=526881&expandable=0 |title=BSE Plus |publisher=Bseindia.com |accessdate=25 September 2010}}
4. ^1 {{Cite web|url=https://www.63moons.com/|title=63 moons | Jignesh Shah’s foremost contribution to the Financial Sector|website=www.63moons.com}}
5. ^{{Cite news|url=http://www.livemint.com/Companies/n6M8Za5i2MwDJcJaoKk6IP/FTIL-changes-name-to-63-Moons-Technologies-Ltd.html|title=Financial Technologies changes name to 63 Moons|last=Rukhaiyar|first=Ashish|date=2015-08-19|work=|access-date=|archive-url=|archive-date=|dead-url=}}
6. ^{{Cite web|url=http://www.moneylife.in/article/ftil-groups-bahrain-financial-exchange-starts-membership-campaign/5253.html|title=FTIL group's Bahrain Financial Exchange starts membership campaign|website=Moneylife NEWS & VIEWS}}
7. ^{{Cite news|url=http://www.business-standard.com/company/63-moons-tech-4756/information/company-history|title=63 Moons Technologies Ltd.|last=|first=|date=|work=Business Standard India|archive-url=|archive-date=|dead-url=}}
8. ^1 2 {{Cite web|url=http://www.rediff.com/money/2005/oct/13spec.htm|title=The amazing story of Jignesh Shah and MCX|last=|first=|date=|website=www.rediff.com|archive-url=|archive-date=|dead-url=}}
9. ^{{cite web|url=http://www.investinindia.com/investmentindia/2010/10/08/financial-technologies-india-ltd-ftil-sells-6-92-stake-in-indian-energy-exchange-iex-for-rs-21-45-crore/|title=Financial Technologies (India) Ltd (FTIL) sells 6.92% stake in Indian Energy Exchange (IEX) for Rs.21.45 Crore |publisher=Investment India|accessdate=5 April 2019}}
10. ^{{Cite web|url=https://blog.thevoiceofnation.com/top-news/jignesh-shah-entrepreneur-raised-finance-empire-entrepreneurial-spirit/|title=Jignesh Shah, the entrepreneur who raised a finance empire|last=|first=|date=|website=blog.thevoiceofnation.com|language=en-US|archive-url=|archive-date=|dead-url=}}
11. ^{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/Jignesh-Shah-wins-US-India-businessman-award/articleshow/793649.cms|title=Jignesh Shah wins US-India businessman award - Times of India|last=|first=|date=|work=The Times of India|archive-url=|archive-date=|dead-url=}}
12. ^1 {{Cite news|url=https://www.outlookindia.com/newswire/story/jignesh-shah-resigns-as-ftil-md-to-become-chairman-emeritus/868842|title=Jignesh Shah Resigns as FTIL MD, to Become Chairman Emeritus|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}
13. ^{{Cite news|url=http://www.business-standard.com/article/pti-stories/63-moons-launches-4-new-products-on-odin-platform-116120201297_1.html|title=63 moons launches 4 new products on ODIN platform|last=India|first=Press Trust of|date=2016-12-02|work=Business Standard India|archive-url=|archive-date=|dead-url=}}
14. ^{{Cite web|url=https://www.indiainfoline.com/company/financial-technologies-india-ltd/summary/4756|title=Latest Financial technologies india ltd information at www.indiainfoline.com|last=indiainfoline.com|first=|date=|website=www.indiainfoline.com|language=en|archive-url=|archive-date=|dead-url=}}
15. ^{{Cite news|url=https://economictimes.indiatimes.com/tech/financial-technologies-launches-exchange-technology-energy-solutions/articleshow/10855627.cms|title=Financial Technologies launches exchange technology energy solutions|last=|first=|date=2011-11-24|work=The Economic Times|archive-url=|archive-date=|dead-url=}}
16. ^{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=20374010|title=63 moons technologies limited: Private Company Information - Bloomberg|last=|first=|date=|website=www.bloomberg.com|archive-url=|archive-date=|dead-url=}}
17. ^{{Cite web|url=http://www.63moons.com/star-clientele/exchanges.html|title=Exchange Technology Solution Provider - 63 moons|last=|first=|date=|website=www.63moons.com|language=en|archive-url=|archive-date=|dead-url=}}
18. ^{{Cite web|url=http://www.firstpost.com/biztech/atom-technologies-gets-visa-security-certification-1867905.html|title=atom technologies Gets Visa Security Certification - Firstpost|last=|first=|date=|website=www.firstpost.com|archive-url=|archive-date=|dead-url=}}
19. ^{{Cite web|url=https://www.livemint.com/Industry/E9ZBL7D8pCMPkPD8l5zpaP/Financial-Tech-launches-Tickerplant.html|title=Financial Tech launches ‘Tickerplant’|date=9 April 2007|website=www.livemint.com}}
20. ^{{Cite news|url=https://www.pgurus.com/c-company-part-6-ftil-an-engine-that-created-millions-of-jobs/|title=C-Company Part 6 - FTIL - An engine that created millions of jobs - PGurus|last=Iyer|first=Sree|date=2017-11-18|work=PGurus|archive-url=|archive-date=|dead-url=|language=en-US}}
21. ^{{Cite news|url=http://www.business-standard.com/article/companies/indian-energy-exchange-to-launch-spot-gas-exchange-for-marginal-fields-118030501286_1.html|title=Indian Energy Exchange to launch spot gas exchange for marginal fields|last=Jai|first=Shreya|date=2018-03-06|work=Business Standard India|archive-url=|archive-date=|dead-url=}}
22. ^{{Cite web|url=https://www.indiainfoline.com/article/news-top-story/mcx-receives-sebi-nod-for-equity-trading-platform-113110103060_1.html|title=MCX receives SEBI nod for equity trading platform|website=www.indiainfoline.com}}
23. ^http://shodhganga.inflibnet.ac.in/bitstream/10603/68280/10/10_chapter%203.pdf
24. ^{{Cite news|url=http://www.business-standard.com/article/markets/nbhc-partners-with-ncdex-for-warehouse-service-114121500361_1.html|title=NBHC partners with NCDEX for warehouse service|last=Jha|first=Dilip Kumar|date=2014-12-15|work=Business Standard India|archive-url=|archive-date=|dead-url=}}
25. ^{{cite web| url= https://bts.63moons.com/| title= Brokerage Technology Solutions}}
26. ^1 {{cite web| url= https://www.63moons.com/discover-63-moons/evolution.html| title= Evolution}}
27. ^{{Cite news|url=https://www.bullionstar.com/gold-university/dubai-gold-market|title=Dubai Gold Market - Gold University - BullionStar|last=|first=|date=|work=|archive-url=|archive-date=|dead-url=|language=en}}
28. ^{{Cite news|url=https://www.indiainfoline.com/article/international-market/singapore-mercantile-exchange-goes-live-113101404621_1.html|title=Singapore Mercantile Exchange goes Live|last=indiainfoline.com|first=|date=|work=|archive-url=|archive-date=|dead-url=|language=en}}
29. ^{{Cite news|url=https://www.thetradenews.com/technology-firm-to-establish-new-bahrain-exchange/|title=Technology firm to establish new Bahrain exchange - The TRADE|last=|first=|date=2009-01-22|work=The TRADE|archive-url=|archive-date=|dead-url=|language=en-US}}
30. ^{{Cite news|url=https://www.indiainfoline.com/article/general-others/pan-african-exchange-bourse-africa-to-commence-operations-in-mid-2012-113102210636_1.html|title=Pan-African exchange Bourse Africa to commence operations in mid-2012|last=indiainfoline.com|first=|date=|work=|archive-url=|archive-date=|dead-url=|language=en}}
31. ^{{Cite web|url=http://www.rediff.com/money/2008/dec/10ftil-acquires-60-percent-equity-in-bourse-africa.htm|title=FTIL acquires 60% equity in Bourse Africa|last=|first=|date=|website=www.rediff.com|archive-url=|archive-date=|dead-url=}}
32. ^{{citation |title=Jignesh Shah, the billionaire whose firm is at centre of controversy involving Gandhis’ farmhouse |url=https://indianexpress.com/article/india/jignesh-shah-gandhi-farm-house-5486323/ |work=The Indian Express |date=10 December 2018 }}

External links

  • {{Official website|http://www.63moons.com/}}

3 : Financial services companies of India|Companies based in Mumbai|Companies established in 1988
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