Jignesh Shah Catapulted MCX to Become World’s 2nd Largest Commodity Exchange
The Spark of Genius: Jignesh Shah’s Vision Jignesh Shah , a visionary and an innovator, who invented the word fin-tech before it became popular by setting up an IP-driven technology company named Financial Technologies India Ltd., now known as 63 moons technologies Ltd., in 1995 for providing path-breaking fin-tech solutions to the broking industry and institutional players. Shah's relentless will and visionary foresight in 2003 were realised in the form of the Multi Commodity Exchange ( Jignesh Shah MCX ), a commodity exchange meant to bring order and openness to India's tumultuous commodity markets. Unlike conventional exchanges, Jignesh Shah envisioned MCX as a tech-driven, modern, and state-of-the-art commodity exchange that would empower individuals, businesses, and traders alike through better price risk management and an efficient price discovery process. Jignesh Shah 's brilliance was in seeing commodities (gold, silver, crude oil, and agricultural products) as ...