TCS BaNCS Market Infrastructure provides multi-entity, multilingual support to depository and clearing institutions with comprehensive functionality across equity, fixed income, commodities and derivatives asset classes. The product offers complete functional coverage across technology platforms and delivery channels.
NZX has selected TCS BaNCS Market Infrastructure to assist New Zealand Stock Exchange (NZX) to maximize its efficiency and to offer integrated exchange clearing, registry and depository services for equity, fixed income and derivatives instruments.
Stuart Turner, head of strategy and projects at NZX, said: NZX prides itself on innovation and with TCS BaNCS Market Infrastructure we will be able to provide a rock solid proven platform for New Zealand’s current equity & planned derivatives markets.
With TCS BaNCS Market Infrastructure we will be able to pursue a wide range of new product development initiatives like our integrated Emission Registry. TCS BáNCS Market Infrastructure will also provide our group with increased flexibility and a lower total cost of ownership.
