Jignesh Shah: Architect of Modern Commodity Trading
In the heart of India’s financial landscape, Jignesh Shah is known for exemplifying the term fin-tech even before its inception by founding Financial Technologies India Ltd. in 1995, now known as 63 moons technologies . His aim was to bring revolution to how the financial markets worked. Under Jignesh Shah’s leadership, FTIL brought innovative and transformative solutions such as ODIN , which quickly became the lifeline of the markets by providing a cost-effective brokerage system that enabled the trading of securities in India. Owing to its features, such as a comprehensive risk management system and real-time settlement position with a mark-to-mark facility, ODIN has become the #1 trading software in the country with more than 80% market share. In 2003, Jignesh Shah realised the opportunity in the thoroughly unorganised and insufficient commodity markets of the country, and this realisation became the foundational stone of the Multi Commodity Exchange ( MCX ), an only of its ...