Financial Technologies (FTIL) : Innovation in Electronic Asset Management
It was back in 1988, when Financial Technologies India Ltd (FTIL) started off by developing IP (Intellectual Property) technology products that connected various financial markets. Under the perseverance of its Founder, Jignesh Shah, FTIL created products that served across asset classes including equities, commodities, currencies and bonds.
Propped by Jignesh Shah’s vision, FTIL emerged as the creator of electronic, organized and regulated financial markets for new asset and investor classes that were economically unviable to be served by traditional markets. The company is a global leader in creating and operating technology-centric, futuristic financial markets.
In 2008, FTIL struck a deal in Bourse Africa to acquire a 60% stake to set up a spot exchange in commodities, currencies, bonds and diamonds. The deal was given a “go-ahead” by the Botswana government, and has offered FTIL the license to conduct business and trade in derivatives.
Bourse Africa will serve African and international commodity market, with an aim to provide a platform for hedging, arbitrage and investment. The venture set up a hub and spoke model that aimed to connect all the major countries in Africa.
At present, Financial Technologies offers multiple solutions to its clients: exchange, brokerage, messaging, consulting and risk. It boasts of a network of five exchanges and two ecosystem ventures. FTIL is the only company to set up six exchanges connecting fast-growing economies of Africa, Middle East, India and South East Asia.
- Previous Acquisition of UK-Based Audit Control & Expertise Global Limited (ACE) Group by Financial Technologies (India) ltd.
- Next IRB Infrastructure Developers Ltd. conferred with CNBC TV 18 Essar Steel Infrastructure Excellence Award