63 Moons Technologies

The company was founded in 1988 by Jignesh Shah and is headquartered in Mumbai, India. It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003. FTIL has divested of its domestic and international ventures.

The company’s name was officially changed to 63 Moons Technologies Limited on 27 May 2016, after receiving approval from the Registrar of Companies following a one-year process.

NSEL case

In July 2013, the National Spot Exchange, owned by 63 moons technologies limited (then FTIL), suspended trading following an order by the Department of Consumer Affairs to settle all existing contracts and not launch any fresh contracts, which led to a payment default crisis of ₹5,600 crore. Investigations led by the Enforcement Directorate and Economic Offences Wing revealed the role of brokers and defaulters in the NSEL case. The brokers mis-sold NSEL products to their clients by assuring them fixed returns. The defaulters hypothecated stocks, produced fake warehouse receipts and siphoned the entire default money. In 2022, the Supreme Court allowed NSEL to use the MPID Act to recover dues; although assets worth ₹888 crore of 63 moons were attached in 2019, they were later released due to lack of proof. In November 2025, the NCLT approved a ₹1,950 crore one-time settlement by 63 moons for large creditors, offering partial recoveries in return for ending cases and transferring recovery rights to the company, helping move the resolution forward.

Exchanges

The company launched many domestic and international ventures. It owned several subsidiaries that included National Bulk Handling Corporation (NHBC), Multi Commodity Exchange (MCX), Dubai Gold & Commodities Exchange (DGCX), Indian Energy Exchange (IEX), MCX Stock Exchange (MCX-SX), Singapore Mercantile Exchange (SMX) and Bourse Africa. In October, 2010, Financial Technologies (India) launched Global Board Of Trade (GBOT), an international multi–asset exchange in Mauritius. In February 2011, Financial Technologies launched Bahrain Financial Exchange (BFX), the first multi–asset exchange in the Middle East and North Africa.

Software

Distributed Order Matching Engines (DOME) is an order matching system

MATCH; it is an enterprise application integration tool

ODIN was used for trading in securities and commodities. As of 2020, ODIN accounted for around 70% of the retail broking market share in trading software.