TCS launches trading, surveillance platform

MUMBAI, INDIA: Indian IT major Tata Consultancy Services (TCS) on Tuesday announced the launch of its new Java-based Exchange Trading and Surveillance platform, integrated with its Clearing, Depository and Settlement solutions.

This integrated solution which has components for Trading, real-time Risk Management, Clearing and Surveillance, is a significant enhancement to the capabilities of TCS BaNCS Market Infrastructure, the company claimed in a press release.

Validating Interconnected Stock Exchange’s (ISE’s) experience with TCS BaNCS Market Infrastructure, Mathew, MD, said, “ISE is glad to be part of the launch of the integrated end-to-end solution from TCS BaNCS Market Infrastructure. In addition to the Exchange Trading component, this solution extends similar, highly desirable, real-time capabilities across Risk Management, Market Surveillance and Clearing,”

He added that their experience, through this implementation, has been excellent and are keenly pursuing go-live program, subject to SEBI approval and are keen to harvest many benefits with TCS BaNCS.

Commenting on the new product launch, R.Vivekanand, global head of Product Delivery for TCS BaNCS said, “With this launch of V5, TCS BaNCS is by far has the most comprehensive solution in the Market Infrastructure space. It provides a compelling combination of High performance, Platform choice, Low TCO and Robust architecture.”

TCS BaNCS Market Infrastructure is designed and architected to make use of standard (non-proprietary) hardware and system software, without compromising on the requirements of high availability and performance.