TCS and DGCX Team Up to Modernise Derivatives Technology
Why in the news
An Indian IT major was picked to refresh the technology backbone of a Dubai derivatives exchange.
Key facts
- Partners: Tata Consultancy Services (TCS) and Dubai Gold and Commodities Exchange (DGCX).
- Scope: trading, clearing and surveillance infrastructure.
- Technology: TCS BaNCS for Market Infrastructure and Quartz for Surveillance.
Products supported
- Energy commodities and currencies.
- Equities, bullion and precious metals.
- Emerging areas: crypto and tokenised assets.
Exam angle
- Exchange involved: DGCX.
- TCS platform name: BaNCS for Market Infrastructure.
- Surveillance tool: Quartz.
- Newer asset classes: crypto and tokenised assets.