Financial Technologies looking at China option

Financial Technologies looking at China option


Dalian: Financial Technologies (India) Ltd, India’s leading technology solutions provider for capital, commodities, forex and debt markets, is mulling at venturing into China.

“We are here to personally see and evaluate the Chinese market for our kind of mission-critical expertise," Chairman and CEO of Financial Technologies, Jignesh Shah told PTI on the sidelines of the Inaugural Annual Meeting of the New Champions organizsed by the World Economic Forum (WEF) in the northeast Chinese port city.

Shah, who was awarded with the title of ‘Young Global Leader´for 2007 by the WEF earlier this year, said he felt that there was ample scope for growth in China from the initial assessment and interactions.

“We continue to create and operate financial markets that help unlock value across the middle and bottom of the market pyramids, driving inclusive and equitable growth in the economies that we operate in," Shah said.

Listed on the BSE and NSE, Financial Technologies (India) Ltd. is India’s leading vertical specialist enterprise delivering mission-critical, Straight-Through-Processing (STP) solutions comprising domain expertise, technology licensing and development and transaction outsourcing services.

The company has a state-of-the-art technology development centre in Mumbai providing transaction automation technologies for equities, derivatives, forex and commodity markets.

FTIL has promoted India’s leading multi-commodity futures exchange (MCX) and inter-bank forex trading platform (IBS-Forex), Shah said, adding that these enterprises were doing exceedingly well.