Rabindra Mohapatra, Consultant, TCS Financial Solutions

Algorithmic Trading continues to trend upward, to the point that global traders now measure the maturity of a marketplace in terms of its ability to execute algorithmic trades. According to Celent estimates, algorithmic trading represents 70 percent of trading volume in developed markets and 25 to 30 percent in emerging markets worldwide. India, which only began to allow algorithmic trading in 2008, has quickly moved up the ranks with algorithmic trades at 30 percent of total trades on Bombay Stock Exchange (BSE) and 46 percent on National Stock Exchange (NSE).
Continue reading

Thomas Fink, TCS Financial Solutions

In June 2011, PostFinance, one of Switzerland’s leading financial institutions, announced that it would modernize its operations with TCS BaNCS. At the time, the organization had been running on two separate legacy platforms: one solution for core banking, and the other for treasury operations, including foreign exchange, money market and medium-term bond transactions.
Continue reading

Nitin Sirohi, Principal Consultant, TCS Financial Solutions

Axis Bank is one of India’s first “new-generation” private- sector banks. Since then, Axis Bank has become a “next generation” bank and the third-largest private sector bank in India, offering the entire spectrum of financial services to corporates, SMEs, agricultural and retail customers.
Continue reading