TCS wins MCX deal to transform its core systems for undisclosed sum

To enable high throughput trading, TCS' solution for MCX will use the Deutsche Börse T7 trading platform, which the Indian IT giant helped develop

Tata Consultancy Services (TCS) has been selected by the Multi Commodity Exchange India Ltd (MCX), India’s largest commodity exchange, as the technology solution provider for its growth and transformation journey. The deal size was not disclosed.

As part of Project Udaan, TCS will help MCX build a new technology core, transforming its trading as well as post-trade functions, to support its future growth and further strengthen its leadership position in the commodity derivatives market in India, said the IT services players in its statement.

TCS will design and deploy a ultra-low latency, high availability, high resilience and high-performance solution that