Intellect OneMARKETS was successfully launched at the OneMARKETS launch event, organized by iRTM, which took place at Hotel Trident in Mumbai on 27th July 2016. The event saw 47 representatives from reputed institutions in the financial services space including industry experts, decision makers, leading analyst and consulting firms and senior technologists from across a diverse set of institutions like banks, asset management companies, securities services firms, and fund managers, among others.

Rakesh Sinha – Head, SAARC Markets, Intellect, kickstarted the conference with his address, followed by Arun Jain – Chairman & Managing Director, Intellect, who spoke on the occasion emphasising on the importance of emerging markets, especially for products like Portfolio Management. He added that financial services companies should invest in multiple product lines to mitigate the risk of failure. His insightful address was followed by a panel discussion on the topic of ‘Emerging Trends in Securities Trading & Asset Services’, hosted by Subasish Bhattacharyya - Product Head, OneMARKETS. The panel comprised of V Ramesh (Managing Director and CEO – MFU India), Mrugank Paranjape (MD and CEO – MCX) and Asim Parashar (Executive Director – PwC), and pursued an explorative discussion out of which some interesting observations emerged:

  • Technology penetration will improve but it cannot completely eliminate human touch
  • Technology should be designed to revolutionize the existing financial services landscape, not disrupt it
  • Many market participants have limited information about commodities trading and its benefits
  • Big Data has not yet been utilized effectively in trading
  • Technology Standardization is very essential to facilitate compliance within a complex regulatory environment

Kedarnath Udiyavar – President & Business Head, OneMARKETS, delivered a presentation on the capabilities of OneMARKETS to the attendees. He threw light on a variety of technology challenges faced by buy-side firms, like increasing variety of asset classes, geographic diversification of asset classes, emergence of more value-added services, and integration issues, among others. He highlighted the evolution of buy-side firms - from focusing on a few specific market segments and asset classes to focusing on providing services to an entire spectrum of institutional, retail and HNI customers. He went into detail on the solution capabilities of Intellect OneMARKETS, emphasizing on how it enables firms in the Securities Services and Asset Management space to overcome various technology, business and regulatory challenges.

The major highlight of the event was the customer speak section, which featured Kannan Subbiah from MF Utilities India Pvt. Ltd. and Nagesh Srivastava from ICICI Bank. Both of them spoke highly of the Fund Distribution and Custody implementations by iRTM in their respective institutions. Venkatesh Srinivasan – CEO, iRTM delivered the vote of thanks drawing the event to a close.

The OneMARKETS launch saw a 360-degree coverage across Linked-In, Twitter and Facebook, where an encouraging amount of engagement was recorded. The event provided a good opportunity to assess the needs of firms in the Asset Management & Securities Services space and showcase the capabilities of various solution offerings which come under the OneMARKETS umbrella to the audience. In a press conference held earlier during the day, Intellect received wide and positive coverage on this newest and most sophisticated product for securities services and assets management companies.