“Guided by our ‘Bharat First’ philosophy, as we prepare to enter the equity and equity derivatives segment, our priority is to build a strong technology architecture capable of catering to the diverse market and regulatory needs of the Indian Financial ecosystem. I am glad that our partnership with TCS enables us to deploy a state-of-the-art equity infrastructure which is not only aligned with global benchmarks, but at the same time remains deeply rooted in the needs of the Indian market,” said Balkrishna Shankwalker, CTO of NCDEX.
NCDEX said it undertook a comprehensive four-month selection process evaluating global solution providers across stringent functional, technical and governance metrics. Following detailed evaluations assessed by Board-appointed committees and the governing board of the exchange, TCS was selected as the preferred partner.
The engagement will cover the deployment of the equity and equity derivatives platform and is licensed for a 10-year period post go-live.
“We are delighted to be chosen by NCDEX as their partner for their expansion into the Indian Equities market. At TCS, we are continuously investing in solutions for the market infrastructure business, given our long track record
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and leadership position in this mission-critical space,” said Vivekanand, President, BFSI Products and Platforms of TCS.
“We will be deploying a Next-gen platform for NCDEX, combining our TCS BaNCS and Quartz technology, with world-class partner solutions for trading. We are confident that this best-of-breed solution set, with multi-asset class support, ultra-high performance, and low latency capabilities, will help drive growth for NCDEX in a rapidly changing technology landscape,” he added.
The technology architecture is designed to ensure speed, reliability and adaptability, supporting efficient participation across investor segments. It offers high scalability, throughput and low latency enabling NCDEX to respond efficiently to dynamic market growth and product expansion.