TCS Financial Solutions announced that the Inter-connected Stock Exchange of India Ltd. (ISE) has selected TCS BaNCS for an integrated Trading, Clearing and Surveillance Platform.

The TCS’s BaNCS solution will enable ISE to revive its operations for equity cash segment in the first phase with the possibility of supporting the Derivatives segment in the future.

Commenting on the choice of technology, P. J. Mathew, Managing Director, ISE, said, “We are happy to announce our selection of the TCS BaNCS Market Infrastructure solution as an end-to-end solution for our exchange, encompassing Trading, Clearing & Settlement, Surveillance and real-time Risk Management. Our evaluation of the TCS solution has been rigorous and detailed, encompassing technical and functional aspects of the solution. We are confident that the state-of-the-art solution and TCS expertise in this space will help us launch the exchange smoothly.”

 “TCS BaNCS is a leader in the post-trade market infrastructure space. We are now expanding our offering in the Market Infrastructure value chain by launching our new Java-based Exchange Trading and Market Surveillance platforms, with the latest technology, high performance and low latency. India has a vibrant, growing capital market. Inclusive growth is critical in the Indian context and players like ISE can enhance capital market participation across the country. We are delighted to be part of this initiative.” said R. Vivekanand, Global Head, Market Infrastructure, TCS Financial Solutions.