TCS To Revamp ICICI Securities' Retail Trading Platform

Tata Consultancy Services Ltd. on Tuesday said it has partnered with ICICI Securities Ltd. to modernise the latter’s retail trading and brokerage platform. The collaboration aims to deliver a scalable and high-performance trading solution for ICICI Securities’ customers, TCS said in an exchange filing.

As part of the initiative, TCS will implement its TCS BaNCS trading solution, a widely adopted platform in India’s brokerage space. ICICI Securities aims to use the platform to improve operational agility and provide a modern and intuitive trading and wealth management experience that aligns with changing market dynamics.

The partnership will enhance key brokerage functions such as order management, connectivity to major exchanges including BSE, National Stock Exchange of India Ltd., and Multi Commodity Exchange of India Ltd., as well as online risk management, clearing and settlement, corporate actions, customer management, and contracting, TCS added.