ISE, in the process of reviving its exchange operations, needed a solution with enhanced functionality that could deliver its customers rich user experience and differentiate themselves in the market. The TCS BαNCS Market Infrastructure suite will be implemented to revive ISE operations for the 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 solution and TCS expertise in this space will help us launch the exchange smoothly.”

The Market Infrastructure solutions from TCS BαNCS are a comprehensive, web-enabled product suite addressing Straight-Through-Processing across the entire Capital Market Infrastructure value chain encompassing Exchange Trading, Exchange Clearing with CCP, Central Depository/Registry services, Market Surveillance, and extending into areas like RTA Services. This solution transforms the organization’s existing exchange trading platform to support the future need of securities exchanges. It enables multi-exchange, multi-asset class trading on a single platform, and integrates the surveillance, risk, clearing, and settlement platforms for better operational efficiency and uniformity.