Tata Consultancy Services (TCS) has launched its new Java based Exchange Trading & Surveillance solutions, integrated with its market leading Clearing, Depository and Settlement solutions at SIBOS Toronto. This integrated solution which has components for Trading, real-time Risk Management, Clearing and Surveillance is said to be 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.
R.Vivekanand, Global Head, Product Delivery, TCS BaNCS said, "With this launch of V5, TCS BaNCS is by far has 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.
