63 moons’ strong connect to real economy

63 moons technologies ltd have been consistently contributing significantly to the financial ecosystem and organized markets. One of the foremost contributions of the group was to channelize the unorganized markets and bring about transparency & cost-effectiveness in markets thus enabling substantial revenue generation for the exchequer which otherwise was getting lost in the unorganized markets.

63 moons have made significant contributions to the tax revenue without seeking any subsidies or tax reliefs like in the IT sector. The operations of the exchanges and ecosystem institutions generated a number of taxes, such as sales tax, income tax, VAT, STT, and CTT. The promoted ventures of the group and the trading enabled on their platforms has resulted in substantial revenue generation for the Government of about Rs. 4000 Cr.

GENERATED IMMENSE REVENUE

It set up GraminSuvidha Kendra to expand the reach and access of MCX, benefits the farmers and other producers in the rural areas. In collaboration with India Post, it operated in over 17 locations in 5 States connecting 1886 villages through 238 branch post offices.

The Group developed globally benchmarked hedging products that enabled corporates and SMEs to protect themselves from price risk and volatility. Created efficient trading platforms for price discovery and processes for risk management, settlement and payment systems.

FACILITATED RISK MANAGEMENT

It followed the approach of 360-degree financial market development covering equities, bonds, currencies, and commodities with the extensive ecosystem to provide support of information, payment and settlement solutions, knowledge management, financial literacy, and education.

The group has pioneered growth in several market segments in India

including commodities, currencies, and energy, etc., all of which have greatly added value to India’s economy and finance.

DEVELOPED MARKET SEGMENTS

It improved efficiencies in practices and processes on a proactive basis that have greatly benefitted the financial markets industry and investors.

63 moons took India to new heights by opening a gateway for Indian businesses to explore opportunities in Asia, Africa, and the Middle East by opening exchanges in major centers like Dubai, Singapore, Mauritius, Bahrain, and Singapore.

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63 moons contributions to fintech

63 moons technologies Ltd. empowered multi-asset-class markets in India by focusing on Intellectual Property Rights (IPR) creation in the financial markets and trading industry by harvesting intellectual capital. To pursue growth of people-centric and inclusive markets.

•         It pioneered multi-asset-class trading solutions and trading platforms in India

•         Its robust and reliable technology enabled faster spread of stock market activity across the country within a short time

•         Designed and developed ODIN, the trading solution, which emerged as the largest with a market share of over 80 percent against stiff competition from national and international companies such as TCS, CMS, Reuters, and NSEIT

•         There are nearly one million trading terminals across the country powered by ODIN

•         In spite of NSE offering trading platform solutions freely to its members, ODIN still continues to be a leader, speaking of the trust and confidence reposed by the customers

Its the first-ever group from India to be invited by governments in international      financial centers such as Dubai, Mauritius, Bahrain, Botswana and Singapore for setting up multi-asset-class market exchanges

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63 moons’s Creative Disruption

The forte of Financial Technologies is a creative disruption. 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.

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.

MCX was one of the three modern national electronic exchange to be given license 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

IEX was one of the most successful exchange stories in the world, becoming the second largest in the world and revolutionizing 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. 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. GraminSuvidha Kendra was established by MCX to spread price discovery process across the country.

MCX was the first exchange from India to be listed on the capital markets. It's listing in 2012 emerged as the biggest listing in the Asia Pacific in mid-size companies. FTIL 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.

TickerPlant, 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.

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TickerPlant - A global content provider for financial services

TickerPlant Limited is one of the leading global content providers in the financial information services industry that integrates and disseminates ultra-low latency data feeds, news and information to support investment decisions of professionals and investors.

The real-time market data & information is distributed in user-friendly and flexible formats on TickerPlant's own state of the art platforms as well as on third-party sites, including mobile phones, at competitive prices. TickerPlant is a wholly owned subsidiary of Financial Technologies Ltd. 

TickerPlant adoption of open technology standards allows it to integrate content with rich features and analytical tools whereby enhancing customers experience and use of the data and information. The delivery and display of data and tools can be tailor-made to meet specific needs of customers.

Resilient data management system and dedicated teams of information and technology specialists ensure the highest standards of data security, completeness, quality and authentication. TickerPlant vision is to emerge as a leader in the financial content and solution space with comprehensive datasets which are complete, customizable, in-depth and authentic.

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