Challenge
ESS needed to simplify its buy-side algorithmic trading process and boost trade volumes
ESS entered the Indian brokerage space in 2011 amid intense competition and evolving regulatory requirements. Although the Securities and Exchange Board of India (SEBI) had already approved of algorithmic trading, stringent registration and disclosure norms were making it difficult for buy-side traders to complete transactions. In response, the financial major sought a robust platform to support high-performance algorithmic trading, and therefore partnered with TCS BaNCS to simplify front-end trading activities and improve back-office process efficiency.