63 moons technologies: Growing with a sense of responsibility

 

Apart from striving to take business to global heights, 63 moons technologies  believes in  going the extra mile to give a little something back to their employees, the community, and the world at large. The Group has been extremely socially responsible and actively involved in the social good of the people.  

It has made extensive contribution to promote financial education, financial literacy and cost special programmes for the less privileged. It launched a Post Graduate Certificate Program in Financial Markets jointly with Indira Gandhi National Open University.

ENHANCED FINANCIAL LITERACY

The Group extended the scope of competition in Indian financial markets, thereby contributing to efficiency. In an otherwise dormant and stagnant market, the innovations by the group promoted ventures expanded the depth and spread of the financial markets ecosystem leading to financial inclusion and last mile connectivity to the end users who otherwise were not a part of the main stream financial markets. 

The competition posed by the Group has led to market efficiency, rapid market growth, expansion of new markets, technology innovations, product innovations, rural and retail participation, and easy access to the markets. The group has played a definitive role in democratising the markets for the masses by bringing in transparency and efficiency. 

Independent assessment of the contribution of the exchange and ecosystemin creation of jobs, incomes and sustainable livelihoods.

There has constantly been a productive engagement through Corporate Social Responsibility.

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Creative disruptions by 63 moons technologies

 

Success through innovation means continuous disruption. Disruptive companies tend to grow manifold, changing the trajectory of consumers’ viewpoint of the brand and the marketplace.  They are vibrant, daring and authentic, and often are challengers. 

63 moons technologies too is all about creative disruptions. 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. 

Founded multi-asset-class trading

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. 

Generated markets where none existed

MCX was one of the three modern national electronic exchanges to be given licence 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.

Exchanges of global size

IEX was one of the most successful exchange stories in the world, becoming the second largest in the world and revolutionising 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. 

Jobs, incomes and sustainable livelihoods, all Made in India

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. Gramin Suvidha Kendra was established by MCX to spread price discovery process across the country.

Trendsetter

MCX was the first exchange from India to be listed on the capital markets. Its listing in 2012 emerged as the biggest listing in Asia Pacific in mid-size companies. 63 moons 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. 

Cost-effectiveness and customization

Ticker Plant, 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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