The National Commodity and Derivatives Exchange (NCDEX) has partnered with Tata Consultancy Services (TCS) to enter the equity and equity derivatives markets. TCS was chosen after a thorough evaluation and will provide a scalable platform to meet the market and regulatory needs of NCDEX for the next decade.

NCDEX and TCS Forge Strategic Alliance to Enter Equity Markets

NCDEX Forms Strategic Partnership with TCS to Venture into Equity Markets

India's National Commodity and Derivatives Exchange (NCDEX) has announced a decade-long strategic partnership with Tata Consultancy Services (TCS) to foray into the equity and equity derivatives markets.

The initiative is the culmination of a four-month rigorous selection process of global providers, which has enabled NCDEX to tap into TCS's expertise in implementing cutting-edge technology solutions.

About the Partnership

TCS will implement an enterprise-level trading and surveillance platform for NCDEX, ensuring seamless compliance with evolving regulatory needs.
The platform will be designed to support NCDEX's expansion into the equity and equity derivatives markets.
The partnership aims to capitalize on TCS's BaNCS and Quartz technology to drive NCDEX's growth and diversification.

Key Benefits of the Partnership

Compliance and Regulatory Alignment: The partnership will enable NCDEX to meet the evolving regulatory demands with TCS's advanced technology solutions.
Improved Efficiency: The enterprise-level trading and surveillance platform will help streamline NCDEX's operations, improving overall efficiency.
Enhanced Rural Reach: By leveraging TCS's technology, NCDEX aims to integrate household savings from rural India into regulated financial markets, fostering economic growth.