Financial Technologies Limited is an Indian financial services company, formed in 1988. It was funded by Jignesh Shah. The company offers technology intellectual property to create and trade on financial markets. The company commenced operations in 1988 starting off with the development of technology products for connecting financial markets. It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange in 2003. It established similar exchanges in India and elsewhere. FTIL has divested of its domestic and international ventures.
Operations
Atom Technologies
Atom Technologies Ltd. is one of India’s leading payments services providers started by FTIL, offering payment collection facilities over Internet, IVR, Mobile App and Point of Sale using credit, debit, net banking, cash cards and IMPS. FTIL has divested controlling stake to NTT Data Corporation, Japan.
Ticker Plant
Ticker Plant launched by FTIL, is an analytics platform with real time streaming of market information on domestic and international exchanges as well as OTS markets. In the areas of commodities, forex and equity, Ticker Plant provides IT-enabled services. FTIL launched many domestic and international ventures. It owned many subsidiaries that included National Bulk Handling Corporation, Multi Commodity Exchange, Dubai Gold & Commodities Exchange, Indian Energy Exchange, MCX Stock Exchange, DOME, Risk Solutions, Singapore Mercantile Exchange and Bourse Africa. ODIN, the flagship product of the company, was used for trading in securities and commodities. In October, 2010, Financial Technologies launched Global Board Of Trade, an international multi–asset exchange in Mauritius. In February 2011, Financial Technologies launched Bahrain Financial Exchange, the first multi–asset exchange in the Middle East and North Africa. Currently, FTIL has divested of all its domestic and international ventures.
Awards
The entity has won several awards like the ‘Amity Corporate Excellence Award’, ‘IT People award for Product Innovation’; ‘Exchange and Brokerage Products, Gurjar Ratna Award’, ‘Ernst & Young Entrepreneur of the Year 2006 Award for business transformation’, ‘DSCI Excellence Awards 2011’ in Security in IT Services – SME category, and ‘Golden Peacock HR Excellence Award’ for the year 2011. The company was featured in the FinTech 100 Rankings 2011 as well.
