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TCS wins MCX deal to transform its core systems
October 04, 2021
Tata Consultancy Services (TCS) has been chosen by the Multi Commodity Exchange India Ltd (MCX), India’s biggest product trade, as the innovation arrangement supplier for its growth and transformation journey. The deal size was not disclosed.
As a feature of Project Udaan, TCS will help MCX construct another technology core, transforming its trading just as post-trade functions, to help its future development and further strengthen its leadership role in the commodity derivatives market in India, said the IT services players in its statement.
TCS will plan and send a super low dormancy, high accessibility, high flexibility, and high resilience that incorporates multiple systems to transform MCX’s operations end to end.
To enable high throughput trading, the solution uses the Deutsche Börse T7 trading platform from the Deutsche Börse Group. TCS is an essential business and IT transformation partner to the Deutsche Borse Group, and has developed this platform, and is also implementing it in select engagements.
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