“The recent global challenges have strengthened the tectonic shift of economic activities towards emerging economies.
As a major exchange creator in these economies, Financial Technologies will play a key role in designing the future of financial markets”

- Jignesh Shah -
Chairman & Group CEO, Financial Technologies Group

The world economic order has witnessed significant changes in its contours since the global financial system went through a new phase of economic meltdown leading to extreme risk aversion and drastic fall in demand across segments. Its domino effects have led to the need for more transparency, re-modeling of regulatory systems, and prompted policymakers to rethink the imperatives guiding the future of financial markets. It was against this background that the Financial Technologies Group held its first Future of Financial Markets Summit in Goa in January 2009. The aim of the Summit was to bring participants of the global financial community—regulators, stock and commodity exchanges, media, banks, policymakers and other influencers—on a common platform to discuss and contribute towards shaping the financial markets of the future. The forum also acknowledged the paradigm shift which is in favour of new-generation financial exchanges. For laying the foundation of a safer and more stable future, it is essential that we bring about complete real-time transparency in pricing of all assets and institute a comprehensive framework for the OTC derivative markets. Also, all standardised derivative contracts should be cleared through well-regulated central counterparties and executed either on regulated exchanges or regulated through electronic trade execution systems. Finally, market participants need to work with their international counterparts to ensure that a nation’s comprehensive regulatory framework is matched by similar effective supervision in other countries. The theme of this Annual Report is future of financial markets. This is in concurrence with our objective of contributing towards creation of a more robust and stable financial system across geographies. Messages from the CEOs and senior management team of the Financial Technologies Group reveal how the Group is positioned to take on myriad challenges, which may create barriers in transforming the future of financial markets. Also, each new section of this report begins with an oil painting on canvas of select global exchanges that illustrate the inspiring history of financial markets. These paintings, along with rare photographs capturing the evolution of the financial capital of India, Mumbai, are showcased at the Exchange Square, Mumbai, which houses MCX Stock Exchange and MCX. These masterpieces of art have been specially commissioned by the Group, reflecting the rich past as an inspiration for the future. A tour of the Exchange Square is akin to walking through time. The Group believes that Mumbai (India) will soon regain it’s position as an international financial centre like New York and London, true to the spirit of the past. To engage, participate and contribute in shaping the future of financial markets, visit www.futureoffinancialmarkets.com.