| GLOBAL REACH |
Likewise, your Company
will innovate to create the ideal business
model to establish deeper financial markets
and ecosystems in geographies ranging
from Africa to Asia. We have conducted
in-depth market studies for each of these
geographies, and are looking at more such
prospective markets where FTIL could successfully
invest to create new-age financial markets.
A case in point is Bourse Africa, which
will operate on a hub and spoke model,
with Botswana as the hub and spokes reaching
out to 50 African nations. We intend to
tap the huge potential for creating new
exchanges (markets), establish an efficient
price discovery mechanism for resources
originating in Africa, and last but not
the least, increase the financial depth
of the markets and unlock intrinsic value
which remains latent in the underdeveloped
socio-economic pyramid of the region.
The year 2009-10 will be a defining year
for the Group as we get ready to go live
with SMX, GBOT, Bourse Africa, and BFX.
We will continue to execute and scale
the FTIL technology business, as well
as scale MCX, MCX Stock Exchange, and
NBHC to the next level of growth, while
also focusing on making our other ventures
more profitable. FTIL believes in spawning
and incubating new exchanges in newer
markets. I am sure the year ahead will
see value being generated from our new
exchanges; value in profit and value from
the ever widening participatory base as
the Group’s exchanges continue to
bring “markets to the masses”
and benefits to all stakeholders. |
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FTIL strives to master
scalability and end-to-end integration
across the entire value chain of a transaction
lifecycle. Your Company possesses deep
domain knowledge on exchanges, governance
and transaction technologies. The experience
of our leadership team, Board of Directors,
and Advisory Boards is remarkable. FTIL
has broadbased expertise in setting up
and operating next-generation financial
markets globally. This, coupled with our
global partnerships and strategic alliances,
will take us far in our journey across
continents.
Yes, the road ahead is challenging. However,
you can be rest assured as the direction
forward is well charted by your Company.
The roadmap is to create a sustainable
business strategy that continually generates
value while consolidating Financial Technologies
as a truly global institution.
Let’s take this journey together
to shape the future
of financial markets. |
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Jignesh
Shah
Chairman & Group CEO |
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