63 moons technologies ltd is the world’s largest creator
of greenfield exchanges east of Suez and put India on the global map of
exchanges. It is a game changer in trading in financial markets, spreading the
reach and intensity of stock trading in India. Its product is also endorsed by
competitors
The Group has been facing intense
competition in each of its endeavours to emerge successful and as market
leader. Let’s have a look at some of its enterprises:
MCX
Within a short span of operations, MCX
emerged as the third largest commodity exchange in the world next only to CME
IEX
IEX emerged as the No.1 exchange in
India in trading of electricity futures and within four years it was
the second largest globally
ODIN
FTIL created an IP called ODIN, the
legacy of which is that even in pressing times today it has an 85% market share
NBHC
NBHC was the largest warehouse and
collateral management facility in the private sector in India
NSEL
Contributed significantly to reducing
intermediation costs by developing direct market linkages. It was a market
leader
The growth story of 63 moons
technologies is about empowering people. Technology solutions enabled even
small brokers access to business opportunities. The benefits of MCX have flowed
to people of India as the whole value chain consisted of local traders,
agriculturists, processors, warehousing professionals and those offering support services. Its listing benefited lakhs of retail investors.
MCX-SX created special membership for rural entrepreneurs. Members were offered
financial education programmes and other professional development opportunities.
Emphasis was laid on gainful economic opportunities for the youths and women.
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