Jignesh Shah: Powering trade for brokerages - every step of the way

Over the last decade, the contours of the financial markets are expanding with the advent of new technology, innovations in products and fast changing customer expectations. The Indian financial services sector comprises a good blend of domestic and foreign participants. Opening up of the financial markets has resulted in competition and greater efficiency.

Jignesh Shah, whose name is synonymous with ‘Innovations’ in the Indian financial markets, has made the brokerage technology solution ‘ODIN’ the 'de facto' name in the capital markets . The evolution has spanned over Brokerages & Exchanges across continents, right from Africa, to Middle-East, to South-East Asia.

With a history of innovations and pioneering solutions, his flagship products have been powering Brokerages to deliver seamless trading solutions to millions of investors. The robust technology stack, backed by deep domain knowledge has enabled his company 63 moons technologies to deliver a comprehensive multi-exchange, multi-asset, and multi-segment offering suite across front, mid & back office. The high-performance stack has high integrability, scalability and is rapidly deployable globally.

Jignesh Shah's foresight and complete belief in capabilities of technology and the impact it can deliver drove him to deploy the best in automation, artificial intelligence, cloud computing, machine learning & natural language processing, to bring a whole host of innovations, helping Brokerages rethink the future. The resulting solutions are driving a rapid shift towards mobility, analytics, stricter compliance, actionable research, robotics, process automation, leaner organizations, and catering to changing customer expectations & demographics.

63 moons is one of the few companies that caters to every step of the trading life cycle including 

- Online on-boarding of clients with KRA or Adhaar integration, remote IPV, bio-metric verification and digital signing of documents, EKYC

- Componentized, scalable Broking software with high-performance Order Management Systems and comprehensive Risk Management Solutions for high throughput, ultra low-latency trading

- Intelligent desktop trading applications, web trading portal and market-leading mobile trading application, catering to offline and online trading needs of multiple user types

- Advanced charts, arbitrage watch, VOA, screeners, expiry strategy, news and other tools, enabling informed decision making for varied investment styles

- Comprehensive suite of back office, post-trade transaction processing and digital document signing solutions, for end to end transaction settlement

- Specialized on-demand IT infra & facilities management service with enhanced security, efficiency and accessibility

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Jignesh Shah: The man behind Evolution of Financial Markets in India

At a time when the Indian financial market infrastructure needed solutions for global integration, along with bridging the rural-urban divide, it was the path-breaking vision of Mr. Jignesh Shah, founder and now Chairman Emeritus, 63 moons technologies limited, that went beyond the traditional market structure to set up world-class stock & commodity trading systems. Jignesh Shah has 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 journey of such a visionary materialised into world-class institutions that were built by competitive leadership and an effective management team. 

Jignesh Shah changed the dynamics of the Indian financial markets by enabling trade routes within India through trading technology for financial exchanges. His group was the only Indian company to have established electronic silk & spice routes across continents right from Africa, to Middle-East, to South-East Asia. 

What started in 1995 when FTIL, (now known as 63 moons technologies) began its journey by developing technology-driven Intellectual Properties (IPs) connecting various financial markets at a time when the Indian markets were just opening up for trading technology. It provided technical and software solutions for online trading. The diligence and determination of founder Jignesh Shah, paved the path for FTIL in creating products that served across asset classes including equities, commodities, currencies, and bonds. 

Today 63 moons are global leaders in providing solutions to financial exchanges across multiple asset classes and #2 globally by licensing volume. With the largest financial distribution network in India through the ODIN suite of trading terminals with close to one million licensees across 600 cities, towns and villages, Jignesh Shah has clearly been instrumental in the Evolution of Financial Markets in India like no other. 

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