Tata Consultancy Services (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, high-performance 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 BaNCSTM, a market leader in the Indian brokerage segment. By leveraging the securities trading solution of TCS BaNCSTM, 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-in-class 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 BaNCSTM 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.
