MUMBAI, India and TORONTO, Sept. 20, 2011 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organisation, announced today at SIBOS Toronto, the launch of its new Java based Exchange Trading & Surveillance solutions, integrated with its market leading 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 and has already been validated in a real-time customer environment. The solution is expected to go live for 2 customers in the next few months.
Validating Interconnected Stock Exchange's (ISE's) experience with TCS BaNCS Market Infrastructure, Mr. Mathew – Managing Director, 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. Our experience, through this implementation has been excellent and we 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 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. The solution prevails over current inefficiencies due to disparate systems and usage of expensive infrastructure, thereby ensuring a low TCO and short time-to-market. TCS is the largest comprehensive independent solution provider in the Market Infrastructure space.
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best-of-breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our clients. With a global customer base of more than 240 institutions operating in over 80 countries, TCS Financial Solutions deliver state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™ (GNDM), recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 202,000 of the world's best-trained consultants in 42 countries. The company generated consolidated revenues of US $8.2 billion for year ended March 31, 2011 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
SOURCE Tata Consultancy Services