FTIL Evolution – Financial Technologies (India) Limited (FTIL) began its operations in 1995. Here’s how it moved ahead. FTIL evolution announced development of their first major product, ODIN.
1995-2002
It is an application-based solution that allowed connection between brokers’ servers and the clients. This easily downloadable light-weight app went live on NSE (National Stock Exchange).
2002-2004
By 2004, over 10,000 ODIN licenses were installed. The Multi Commodity Exchange (MCX), India’s number one commodity exchange, successfully deployed new versions of exchange technology. These new versions were FTIL’s DOME and CnS (clearing and settlement solution).
2004-2008
FTIL evolution and Dubai Multi Commodities Centre (DMCC) jointly launched the Dubai Gold and Commodities Exchange (DGCX). The National Bulk Handling Corporation, which handles more than 2.7 million tonne of agricultural commodities, was also founded during this period.
2008-2013
Jignesh Shah-led FTIL announced Singapore Mercantile Exchange (SMX) in Singapore and Bourse Africa in Mauritius. The company grew its operations again, this time in Bahrain. The Bahrain Financial Exchange (BFX) started trading Islamic products in the region. By 2013, over 897,000 ODIN licenses were installed.
Promoted by the Financial Technologies Group, FTIL showed sheer dominance in every region and market that it touched. The Financial Technologies (India) Limited (FTIL) has given a complete face lift to the global financial market over the past few decades. Founded by the Indian techno czar Jignesh Shah, FTIL Group became the leading first-generation enterprise to set incredible benchmarks for possibilities of trading development.
Sameer Sharma
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