S'pore Exchange selects TCS as strategic partner for NSE IFCS-SGX Connect

SGX selected TCS BaNCS for its multi-broker, low latency capabilities, to serve as the end-to-end solution for its trading, clearing, settlement and risk management ops

Tata Consultancy Services (TCS) announced that TCS BaNCS has been selected by Singapore Exchange (SGX) to power the NSE IFSC-SGX Connect (Gift Connect), its program to connect to NSE IFSC, a fully owned subsidiary of the National Stock Exchange of India (NSE), for trade execution and clearing of Nifty products on behalf of its members in Singapore and globally. The deal size was not disclosed by the company.

To enable international access to Indian capital markets and create a larger liquidity pool of international and domestic participants, SGX has