OREANDA-NEWS. September 20, 2011. Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organisation, announced, today, at SIBOS Toronto, the launch of its new, Java-based Exchange Trading & Surveillance solutions, integrated with its market-leading Clearing, Depository and Settlement solutions. This integrated solution which has components for trading, real-time risk management, clearing and surveillance is a significant enhancement to the capabilities of TCS BaNCS Market Infrastructure and has already been validated in a real-time customer environment. The solution is expected to go live for two customers in the next few months.

Validating Interconnected Stock Exchange’s (ISE’s) experience with TCS BaNCS Market Infrastructure, Mr Mathew, managing director, ISE, said, “ISE is glad to be part of the launch of the integrated end-to-end solution from TCS BaNCS Market Infrastructure. In addition to the exchange trading component, this solution extends similar, highly-desirable, real-time capabilities across risk management, market surveillance and clearing. Our experience, through this implementation has been excellent and we are keenly pursuing go-live programme, subject to SEBI approval and are keen to harvest many benefits with TCS BaNCS.”

Commenting on the new product launch, R Vivekanand, global head, product delivery, TCS BaNCS, said, ”With this launch of V5, TCS BaNCS by far has the most comprehensive solution in the market infrastructure space. It provides a compelling combination of high performance, platform choice, low TCO and robust architecture.”

TCS BaNCS Market Infrastructure is designed and architected to make use of standard (non-proprietary) hardware and system software, without compromising on the requirements of high availability and performance. The solution prevails over current inefficiencies due to disparate systems and usage of expensive infrastructure, thereby ensuring a low TCO and short time-to-market. TCS is the largest comprehensive independent solution provider in the market infrastructure space.