TCS and ICICI Securities Collaborate to Enhance Retail Trading Platform

ICICI Securities has entered into a partnership with Tata Consultancy Services (TCS) to upgrade its retail trading and brokerage platform. The announcement was made on April 22, 2025. This involves deploying TCS’s capital markets product, TCS BaNCS, as the core technology for this transition.

As of 9:25 am on April 23, 2025, Tata Consultancy Services share price was trading at ₹3,377.80, 1.91% increase, with a decline of 18.54% over the past six months and 8.72% over the past month.

Platform Features 

The upgraded platform will cover multiple functions essential to the brokerage business. This includes order management, clearing and settlement processes, real-time risk checks, and customer lifecycle management. It will also be integrated with stock exchanges such as NSE, BSE, and MCX for market connectivity. Additional features will support corporate actions, client onboarding, contract handling, and reporting mechanisms.

Implementation Context

TCS BaNCS is already used by several financial institutions and infrastructure providers. In India, TCS supports close to 30% of retail trading volumes through its technology offerings. The same platform also powers systems used by exchanges and central depositories across more than 25 global financial markets.

Statements and Internal Focus

ICICI Securities stated that adopting TCS BaNCS will involve modernising its core trading infrastructure. The focus is on aligning the platform with current operational requirements and expected trading volumes. TCS confirmed that the project scope includes integration with exchange systems and improvements in scalability.

Read More: Why Is ICICI Securities Being Delisted? Understanding the Merger with ICICI Bank!

Conclusion

The collaboration involves a technical revamp of ICICI Securities’ trading systems using TCS BaNCS. The project covers backend operations, exchange integration, and system upgrades to support the company’s trading and brokerage activities.

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