According to reports, ICICI Securities announces a strategic partnership with Tata Consultancy Services (TCS) to revamp its retail trading and brokerage platform. This collaboration aims to deliver a high-performance trading solution that caters to evolving market demands, utilizing the Trading solution of TCS BaNCS™, a leading player in the Indian brokerage sector.

The initiative will focus on enhancing key brokerage functions such as order management, connectivity to major exchanges like BSE, NSE, and MCX, and online risk management, thereby providing an intuitive trading experience for customers, according to reports.

TCS's involvement in this collaboration underscores its significant role in the capital markets industry, where it manages nearly 30 per cent of retail trading volumes in India.

"This partnership with a market leader further extends TCS' leadership in the capital markets industry and validates our commitment to delivering best-in-class trading solutions. By transforming ICICI Securities’ brokerage platform, we are not only enhancing its current capabilities but also future-proofing it with cloud readiness, and advanced scalability," says R Vivekanand, President of BFSI Products & Platforms at TCS.

The transformation will ensure seamless integration with leading exchanges and support a robust trading ecosystem.

TK Srirang, MD & CEO, ICICI Securities says, “At ICICI Securities, technology has always been at its core. By adopting TCS BaNCS™ we will empower our customers with a seamless and high-performance trading ecosystem. We are delighted to partner with TCS and together we will be creating a future-ready platform for superior customer experience in India's brokerage sector."

TCS stated that this initiative highlights its extensive knowledge in capital markets. The IT firm manages almost 30 percent of retail trading volumes in India with its brokerage services.

TCS' solutions drive over 25 financial markets around the world, including India’s major exchanges in equities, derivatives, and commodities, as well as several prominent exchanges and Central Depositories globally.

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Regarding individual stocks, TCS experienced a decline of 0.22 percent, trading at Rs 3,314.30. At this price level, the counter has adjusted 19.41 percent year-to-date (YTD).