ICICI Securities Partners with TCS to upgrade its Retail Trading Platform

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has partnered with ICICI Securities to modernize its industry leading retail trading and brokerage platform. Through this collaboration, TCS aims to deliver a scalable, highperformance trading solution for ICICI Securities customers, driving innovation in India's capital markets.

As part of this initiative, TCS will deploy the Trading solution of TCS BaNCS™, a market leader in the Indian brokerage segment. By leveraging the securities trading solution of TCS BaNCS™, ICICI Securities will improve the agility of its platform and provide customers with an intuitive, state-of-the-art trading and wealth creation experience tailored to evolving market demands. This collaboration will also enhance ICICI Securities key brokerage functions including order management, connectivity to major exchanges like BSE, NSE, and MCX, online risk management, clearing and settlement, corporate actions, customer management, and contracting.

R Vivekanand, President, BFSI Products & Platforms, TCS said "This partnership with a market leader further extends TCS' leadership in the capital markets industry and validates our commitment to delivering best-inclass trading solutions. By transforming ICICI Securities' brokerage platform, we are not only enhancing its current capabilities but also future proofing it with cloud readiness, and advanced scalability. This initiative will ensure seamless integration with leading exchanges and facilitate a more agile and robust trading ecosystem in one of the world's fastest growing markets. We look forward to working with ICICI Securities to deliver a superior trading experience for millions of investors, reinforcing its market leadership."

T.K. Srirang, MD & CEO, ICICI Securities said "At ICICI Securities, technology has always been at its core. By adopting TCS BaNCS™ we will empower our customers with a seamless and high-performance trading ecosystem. We are delighted to partner with TCS and together we will be creating a future-ready platform for superior customer experience in India's brokerage sector."

This initiative reinforces TCS' deep expertise in capital markets, backed by over 25 years of industry leadership. TCS handles nearly 30% of retail trading volumes in India through its brokerage solutions that support over 30 organizations, including top banks and brokerage institutions.

TCS' solutions powers 25+ financial markets globally, including India's top exchanges across equities, derivatives & commodities and some of the leading Exchanges and Central Depositories worldwide. These mission-critical installations process high trading volumes with extreme performance and latency demands.

For five decades, TCS has been instrumental in accelerating India's technological revolution, executing several mission-mode programmes, building digital public infrastructure, transforming citizen services, and touching a billion lives. Today, nearly seven out of ten Indians benefit from TCS-enabled digital services-from transforming India's leading stock exchanges and passport issuance systems to health insurance, investor facilitation, and pension administration and working with several government ministries, TCS is ensuring high-touch public service delivery to the last mile.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3321.60 as compared to the previous close of Rs. 3298.95. The total number of shares traded during the day was 135470 in over 11094 trades.

The stock hit an intraday high of Rs. 3353.85 and intraday low of 3285.85. The net turnover during the day was Rs. 450749054.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS RetailTradingPlatform Upgrade