The Man Behind The Evolution Of Financial Markets In India

At a time when the Indian financial market infrastructure needed solutions for global integration, along with bridging the rural-urban divide, it was the path-breaking vision of Jignesh Shah, founder and now Chairman Emeritus, 63 moons technologies limited, that went beyond the traditional market structure to set up world-class stock and commodity trading systems. Jignesh Shah has always found solutions that not only empowered market systems, but which also contributed to product innovation, skill development, job creation, and generation of sustainable incomes for one and all, especially small investors and stakeholders in semi-urban and rural areas. The journey of such a visionary materialized into world-class institutions that were built by competitive leadership and an effective management team.

 

Jignesh Shah changed the dynamics of the Indian financial markets by enabling trade routes within India through trading technology for financial exchanges. His group was the only Indian company to have established electronic silk and spice routes across continents right from Africa, to Middle-East, to South-East Asia.

 

What started in 1995 was that FTIL, (now known as 63 moons technologies) began its journey by developing technology-driven Intellectual Properties (IPs) connecting various financial markets at a time when the Indian markets were just opening up for trading technology. It provided technical and software solutions for online trading. The diligence and determination of the founder Jignesh Shah, paved the path for FTIL in creating products that served across asset classes including equities, commodities, currencies, and bonds.

 

Today 63 moons is a global leader in providing solutions to financial exchanges across multiple asset classes and number 2 globally by licensing volume. With the largest financial distribution network in India, through the ODIN suite of trading terminals, with close to one million licensees across 600 cities, towns and villages, Jignesh Shah has clearly been instrumental in the evolution of financial markets in India like no other.