Tata Consultancy Services (TCS) today (4 February 2016) announced that brokerage firm Investec India has gone live on TCS BaNCS to power its front and back office operations in India.
The move will enable the company to expand its securities business in India, and setup a full-fledged broking and sales trading activity.
The deployment process took nine weeks, which is "three quarters of the time normally required for a complex front and back office technology implementation," said Robin Browning COO, Investec UK. He attributed this achievement to TCS' understanding of the Indian securities brokerage industry.
With TCS' BaNCS in place, Investec will be able to experience a low latency, high execution capability at a low operational cost and is also ready for algorithmic trading, according to TCS' press release. The implementation of TCS BaNCS also demonstrates the solution's readiness and configurability required for a dynamic market.
"TCS' BaNCS latest technology will greatly benefit Investec's current and long term needs by providing an integrated front to back office solution. We are thus confident that Investec business will set new standards in the Indian capital markets," said Bharat Shah, Principal Consultant TCS.
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