Tuesday 29 May 2018

63 moons: Committed to Financial Markets

The 63 moons technologies Group designed and developed cost-effective 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. As a leading tech giant, 63 moons empowered companies to procure power on competitive rates through open access to exchange trading, thereby reducing dependency on expensive, single-source boards.

The company also 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. The Singapore Mercantile Exchange, which was later bought by the Intercontinental Exchange Group, is a testimony to this. And so is the Dubai Gold and Commodities Exchange which was one of the first joint ventures that the Government of UAE entered into with a private sector entity from another country. Similarly, Bahrain lent its name to the financial exchange promoted by 63 moons to bring innovations in trading of Islamic financial products. The greenfield ventures were acquired by the world’s who’s who in financial markets.

Friday 18 May 2018

A universe of institutions created with vision and foresight

The 63 moons technologies Group, earlier known as FTIL, put India on the world map of global financial markets. The universe of institutions created by this Group formed a 360-degree financial market infrastructure that was necer visualised or attempted in India any time in the past.

This lead to the development of financial markets across equities, bonds, currencies, commodities, electricity with an extensive ecosystem to provide support of information, payment and settlement solutions, and so on.
The Group established new market segments and pioneered growth of several market segments in India, 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.

63 moons developed globally benchmarked hedging products that enabled corporates and SMEs to protect themselves from price risk and volatility. It built 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.

Friday 4 May 2018

Forerunners in innovative technology of the new digital ecosystem

63 moons technologies, a global fintech company, invented products and services that catered to every aspect of exchange operations, giving 360 degree solutions to market ecosystems. All the ventures of 63 moons technologies developed under intense competitive conditions to emerge as market leaders such as ODIN in multi-asset class trading platforms, faced competition from domestic as well as from international companies and yet emerged as the market leaders.

63 moons technologies contributed to taxes and government revenues from the very beginning. None of the businesses of 63 moons enjoyed any tax exemptions. In addition, the exponential growth in financial markets trading that its technology helped has contributed to enhanced income to the exchequer in the form of taxes and stamp duties.
The practices and standards that the Group set and product innovation that it achieved have become benchmarks for the competitors to follow.

In line with the vision of our Hon’ble Prime Minister on ‘Startup India’ and ‘Digital India’, 63 moons will endeavour to become a technology innovation partner. The philosophy of developing an ecosystem that supports and strengthens the financial market activity is the principle in which the business is created and developed. Real-time information, payment solutions and knowledge management companies completed the value chain of the ecosystem.