A true ‘Make In India’ story that generated a millions jobs

63 moons technologies limited is a true ‘Make In India’ story that generated a millions jobs, incomes and crores of sustainable livelihoods through tech-innovative entrepreneurship. The company, formerly known as FTIL, brought a change in the brokerage technology solutions by introducing the cutting-edge ‘ODIN’ solution that revolutionized the Indian financial markets. Brokerage Technology Solutions is the pioneer in providing end-to-end solutions for Brokers in Indian as well as in International Markets. Brokerage Technology Solutions suite comprises Front Office, Middle Office, Back Office Clearing, Settlement, Accounting and Messaging Solutions. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

63 moons has always been very keen on the changing trends in the financial markets and has always made sure to keep a track and successful implementation of the same to succeed in the long run. ODIN is result of the same thought process and is successful even today and enjoys a great market share.

When the nation just started getting into online financial trading systems, 63 moons pioneered the finest trading system ODIN for the country. This was one of the great innovation so far and 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% of market share.

ODIN has also opened up various APIs to support real-time integration with 3rd party products for Order Management System / Back-Office / Middle-Office / News & Analytics / Charting Tools / Client Risk Management / Portfolio Management System, etc. and is now looking at Open Architecture-based design to provide modular expandability with similar designs.

63 moons is credited in terms of bringing the much needed transformation in the exchange markets. 63 moons main vision is innovation, which helps the Indian financial market in many ways.

63 moons have always found solutions that not only empowered market systems, but which also contributed to product innovation, skill development, job creation, and generation of sustainable incomes for one and all, especially small investors and stakeholders in semi-urban and rural areas.

 The vision materialized into world-class institutions that were built by competitive leadership and an effective management team. 63 moons changed the dynamics of the Indian financial markets by enabling trade routes within India through trading technology for financial exchanges. Some of the technology benefits that 63 moons offers are: developed cost-effective technologies, low-cost real-time information dissemination, and innovative payment solutions.

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Empowering Indian financial markets: 63 moons tech

63 moons technologies developed a strong connect with physical markets and real economy. It brought about 360-degree financial market development covering equities, bonds, currencies and commodities with extensive ecosystem to provide support of information, payment and settlement solutions, knowledge management and financial literacy and education.

63 moons technologies set up high-tech exchange institutions in leading international financial centers, making India the first exchange industry MNC. It created extensive ecosystem of institutions to support the financial markets in the form of separate subsidiaries for warehouse and collateral management, real-time information, mobile payment systems, which are all vital for the sustained growth of domestic financial markets.

Some of the technology products like ODIN have created social benefits and have successfully contributed towards the nation are: Employment opportunities across the country, increased scope for self-employment opportunities, financial access to local communities, increased participation of local talent and expertise. Growth of local entrepreneurship and most importantly benefits flowing into local community.

63 moons revolutionized the way to interact with your clients by introducing ODIN Bot (Build operate transfer). ODIN Bot is an automated chat Bot which can respond to chat based queries which makes it more convenient for the concerned parties. It provides information like news, portfolio holdings, market price, ledger balance, last transactions and it also transacts into multiple systems to setup alerts, notifications, purchase, redeem, etc.

The application is cloud based and it uses technologies like artificial intelligence, natural language processing and machine learning to deliver customer delight.

One of the best feature that it offers is, it saves costs by eliminating dependence on customer care executives as it offers a feature to directly interact with clients through chat based queries.

The second-best feature of this product is its consistency. Chat bot can work consistently and continuously without the need of a break.

63 moons always focused on introducing such efficient and convenient products which definitely helps in empowering the Indian financial market.

Also, in a very short span of time, 63 moons through its inventive planning and innovative product range, emerged as a leading financial market infrastructure group in India. All the exchanges and ecosystem ventures developed by the 63 moons group are India-centric with all operations conducted by Indians in India with the benefits flowing to India. Exchanges and ecosystem ventures of the 63 moons group have been revenue generating and employment intensive.

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63 moons tech: A Tech evangelist’s dream for India

Jignesh Shah, an entrepreneur turned innovator, established 10 exchange ventures across the country and abroad, within a short span of 10 years. Mr Shah, being an expert in the financial market infrastructure conquered new heights across the globe through his ventures. Shah’s most significant contribution to the markets is that he crushed the monopoly and democratised the markets to all.

A decade ago, the Indian financial markets passed through a fascinating phase as it witnessed tremendous growth opportunities. The markets were booming and increased use of modern technology in the financial industry filled the void of inaccessibility to financial services to all in the country.

Applauded by global think-tanks as a pioneer in developing the financial markets, Jignesh Shah ensured inclusive growth from the top to bottom of the pyramid. For example, the launch of MCX had all stakeholders including the farmers from different villages across India contributing to the development of the commodities market. Shah's vision was such that he launched India's largest warehouse and collateral management facility, the National Bulk Handling Corporation (NBHC), so that farmers could store their products and enjoy the price advantage of the supply and demand chain.

It was a dream come true to the ‘Innovator of Modern Financial Markets’ Jignesh Shah. His vision was cherished, nurtured and developed through 63 moons technologies limited (formerly, Financial Technologies (India) Limited). Earlier, the rural-urban divide as well as poor market infrastructure had created a wedge between India and other global markets. 

The use of fintech has transformed the way businesses are carried out in the global financial markets. The ability of the new technology to capture and process data in real time is changing the work process and is taking them to new heights.  How products and services are conceived in the new economy and the way consumers participate in this process have evolved considerably in the past few years Convenience, speed and transparency are the major factors that fintech firms are leveraging to capitalise on the Indian economy.

 63 moons through its next-generation technology ventures, innovations, platforms, and solutions placed India on par with global markets.

       
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