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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