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Jignesh Shah, the visionary founder of Financial Technologies India Ltd (Jignesh Shah FTIL), now known as 63 moons technologies, charted a course that extended India's financial innovation to the global stage. Beginning with FTIL's establishment in 1995, Shah's blueprint for multi-asset class exchanges revolutionised trading ecosystems worldwide. While his domestic ventures like the Multi Commodity Exchange (Jignesh Shah MCX) laid the groundwork, it was his international expansions that truly showcased his ability to forge strategic collaborations and disrupt traditional markets.
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Jignesh Shah’s Global Blueprint: From FTIL to Building Multi-Asset Class Exchanges Worldwide https://jigneshshahinnovator.com
INTRODUCTION Jignesh Shah, the visionary founder of Financial Technologies India Ltd (FTIL), now known as 63 moons technologies, charted a course that extended India's financial innovation to the global stage. Beginning with FTIL's establishment in 1995, Shah's blueprint for multi-asset class exchanges revolutionised trading ecosystems worldwide. While his domestic ventures like the Multi Commodity Exchange (Jignesh Shah MCX) laid the groundwork, it was his international expansions that truly showcased his ability to forge strategic collaborations and disrupt traditional markets. This article explores Shah's journey from FTIL's inception to the creation of pioneering exchanges across continents, highlighting the partnerships that amplified their impact
Expanding Horizons: The Global Multi-Asset Class Exchanges • Jignesh Shah's ambition transcended borders, leading Jignesh Shah FTIL to establish multi-asset class exchanges worldwide from 2005. These ventures not only integrated India into international markets but also highlighted Shah's prowess in fostering collaborations with governments, regulators, and private entities. By leveraging Jignesh Shah FTIL's home-grown, low-cost yet premier-class technology, Shah created efficient, accessible platforms that disrupted financial ecosystems throughout the globe. • Dubai Gold and Commodities Exchange (DGCX): Pioneering Middle East Collaboration • Singapore Mercantile Exchange (SMX): Securing Asian Regulatory Backing • Bahrain Financial Exchange (BFX): Bridging Gulf Financial Networks
Bourse Africa: Empowering African Markets • Shah's vision reached Africa with Bourse Africa, previously known as [Global Board of Trade (GBOT)], the first international multi-asset class exchange from Mauritius. Headquartered in Botswana, Bourse Africa provided African and international market participants with an efficient market for risk management, offering trade in commodities, currencies, and equities. Collaborations with African governments and institutions, such as partnerships for regulatory approval in multiple countries, enabled Shah to address Africa's fragmented markets. By introducing Jignesh Shah FTIL's technology, Bourse Africa disrupted traditional trading, promoting economic integration and job creation.
Legacy of Collaboration and Disruption • Jignesh Shah's global blueprint, from Jignesh Shah FTIL's domestic roots to international dominance, was defined by strategic collaborations that amplified innovation. Ventures like DGCX's UAE government partnership and SMX's MAS license exemplified his ability to build trust with diverse stakeholders, disrupting markets while ensuring compliance. Domestic successes like MCX and IEX, MCX-SX and others provided the technological foundation for this expansion, generating millions of jobs and integrating India globally.
