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NCDEX ropes in TCS as tech partner to power its entry into equity and derivatives
Image source: economictimes.indiatimes.com

GK and monthly revision

NCDEX ropes in TCS as tech partner to power its entry into equity and derivatives

NCDEX, the National Commodity & Derivatives Exchange, has signed a 10-year technology partnership with Tata Consultancy Services (TCS) to enter the equity and derivatives trading markets. The deal will leverage TCS' BaNCS and Quartz solutions to build a scalable, low-latency trading platform that meets regulatory and market demands. This strategic move by NCDEX aims to diversify its product offerings and capitalize on the growing equity and derivatives segments.

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Key points

Exam-ready takeaways

NCDEX, the National Commodity & Derivatives Exchange, signed a 10-year technology partnership with Tata Consultancy Services (TCS)

The deal will deploy TCS' BaNCS and Quartz solutions to build a scalable, low-latency trading platform

The new platform is aimed at meeting regulatory and market demands as NCDEX expands into equity and derivatives trading

NCDEX is a leading commodity exchange in India, established in 2003

TCS is a multinational IT services and consulting company headquartered in Mumbai, India

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