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India’s financial markets began moving toward electronic trading in the 1990s. The change was gradual and involved much more than moving trading activity onto computers. Brokers needed electronic access to exchanges, exchanges needed systems to process orders and market information, and transactions needed to pass through several connected processes. The foundation of a digital market therefore had to extend across the market ecosystem. Financial Technologies (India) Limited, or FTIL, had contributed to this transition at a formative stage. Its work had progressed from technology for brokers to systems supporting exchanges and different market segments. This helped take digital technology deeper into market operations and contributed to the wider shift toward technology-driven market infrastructure in India. What had market infrastructure looked like before the shift? As trading activity expanded, physical access and manual processes had placed practical limits on market participation. Market information needed to reach participants quickly, while rising transaction volumes required systems that could process activity efficiently. Electronic infrastructure had begun addressing these requirements. Brokers could connect with exchanges through technology, distribute information digitally, and transmit orders without relying on physical trading locations. In 1995, FTIL began developing technology and intellectual property for financial markets, covering areas such as equities, commodities, currencies, and bonds. Its work emerged at a time when electronic trading was beginning to reshape how market participants interacted with exchanges. How did electronic trading become more accessible? The first part of the shift happened at the brokerage level. In 1998, FTIL had introduced ODIN, a brokerage technology platform that enabled trading across multiple exchanges and market segments.  This helped create an electronic link between brokers and exchanges. A broker could manage market activity through a technology-based system, giving electronic trading a practical role in everyday operations. This connection had been important to the wider digital transition. An exchange could have electronic infrastructure, but the benefits of that infrastructure depended on market participants having the technology required to access it. Brokerage systems had therefore formed an important layer of the emerging digital market structure. When did digitalisation move into the exchange? The next stage had involved the technology running the marketplace itself. In 2002, FTIL had expanded into exchange technology, developing systems designed to support electronic marketplaces and functions associated with trading and transaction processing. This had marked a deeper stage of digitalisation. Technology was now supporting the infrastructure through which a marketplace operated. Trading systems needed to work alongside areas such as risk management, clearing, settlement, surveillance, and market data. The establishment of MCX in 2003 had demonstrated how this technology could support an electronic commodity marketplace. Commodity trading could be organised through a digital exchange, connecting participants through a common platform and extending electronic market infrastructure beyond conventional securities markets.  This had been an important part of India’s shift because digital infrastructure was beginning to support entire markets, not simply individual trading activities. How did the digital model spread across market segments? Once electronic systems had become part of exchange operations, the model could be applied to markets with different products and requirements. In 2005, developments, including National Bulk Handling Corporation, had extended technology into commodity warehousing and collateral management, while the Dubai Gold and Commodities Exchange had taken the electronic exchange model into an international market. By 2008, initiatives such as MCX-SX, Indian Energy Exchange, and Singapore Mercantile Exchange had extended the technology-led model across currency, electricity, and international commodity markets. Bourse Africa followed in 2009 with a multi-asset exchange.  These developments showed how digital infrastructure could support different types of markets while maintaining electronic connectivity between participants and marketplaces. The shift was consequently becoming broader and more embedded in market operations. What had changed for market participants? The move toward digital infrastructure changed how participants accessed markets. Brokers could connect to exchanges electronically, receive market information through digital systems, and transmit orders from different locations. The change also extended beyond order placement. Trading had to connect with risk management, clearing, settlement, and surveillance. Technology supporting these functions had helped create a more continuous flow across the transaction cycle. The 2012 MCX IPO, the first public issue by an Indian exchange, reflected the scale an electronically operated marketplace had reached by then.  What had been FTIL’s role in this shift? FTIL had contributed to India’s digital market infrastructure at several connected levels. Its brokerage technology had helped market participants gain electronic access to exchanges. Its exchange technology had taken digital systems into the core operations of marketplaces. Its work across different ventures had also demonstrated how electronic infrastructure could support commodities, currencies, energy, and international markets. This contribution had been cumulative. Each layer strengthened technology’s role in the market, helping electronic connectivity move from a useful trading facility to an integral part of market operations. In 2016, FTIL changed its name to 63 moons technologies, marking a new phase in its technology journey. The earlier FTIL period had remained associated with electronic trading, brokerage technology and exchange infrastructure. The organisation’s broader journey also kept Jignesh Shah as a coach and mentor.  The shift towards digital market infrastructure had ultimately been about making markets more connected through technology. FTIL had contributed to that change by helping electronic systems reach from brokers to exchanges and across different stages of market activity. Its role was therefore significant during a period when India’s markets were moving from increasingly electronic trading to a market structure in which digital infrastructure had become fundamental to how organised markets operated. FAQs: What role did FTIL play in India’s shift towards digital market infrastructure? FTIL had helped connect brokers with exchanges and supported the development of technology-driven exchange infrastructure, contributing to the wider adoption of electronic markets. 2. How did FTIL support electronic trading in India? FTIL’s ODIN platform had enabled brokers to access multiple exchanges and market segments electronically, making digital market participation more accessible. 3. When did FTIL expand into exchange technology? FTIL had entered exchange technology in 2002, developing systems that supported electronic marketplaces and functions around trading and

Most people do not think about cybersecurity while checking a message, joining a Wi-Fi network or downloading an application. The phone simply gets used. A payment is made, a document is opened, a link is clicked, and the day moves on. The problem is that every one of those actions can carry a security risk. A fake website can look almost identical to the real one. An application can appear useful while hiding malicious behaviour. Even a public Wi-Fi connection can create problems that are difficult to spot. This is where CYBX takes a different approach to personal cybersecurity. Its protection works across several parts of the mobile device, so users have security checks running around the activities they already carry out on their phones. What happens when someone clicks a suspicious link? Phishing rarely announces itself as a cyberattack. A message may look like it came from a bank, an online service, or someone the user knows. The link can lead to a page that appears completely legitimate. CYBX’s Phishing Protection checks links, websites and files for potential threats. When it identifies suspicious content, it can alert the user or block access.  That matters because people cannot always stop to investigate every link they receive. A security check at the point of access can provide an additional warning when something appears unsafe. What happens when an unfamiliar application enters the phone? An application can be useful but still pose a security risk if it comes from an untrusted source. This is particularly relevant when users download software outside official app stores. CYBX’s Malware Protection checks applications and installation files for harmful software. It also monitors applications for unusual behaviour after installation.  The distinction is useful. Security doesn’t stop when an application is installed. Its behaviour afterwards can also matter. What does the phone know about the Wi-Fi it is using? A Wi-Fi network can look perfectly normal from the user’s side. There may be a familiar name and a strong signal, but neither guarantees that the connection is safe. CYBX’s Wi-Fi Threat Detection checks for unsecured networks, rogue access points, and risky login pages. Its Network Protection also monitors unusual network changes, including unexpected VPN connections.  For someone using a phone at an airport, café, or other public location, this adds a layer of checking that is easy to overlook when connecting to the internet. Can the phone itself have a security problem? Yes. The condition of the device can affect its security too. Rooting or jailbreaking, modified applications, unlocked bootloaders, and disabled security settings can weaken the protections built into a phone. CYBX’s Device Integrity Check looks for these conditions. Its Update & Security Fix Check also identifies outdated or vulnerable operating-system versions and alerts users to potential risks.  There are other areas to consider as well. Data Theft Protection addresses threats such as SSL stripping, while Anti-Spy Screen & Keyboard checks for suspected screen sharing and untrusted keyboards.  Taken together, these checks cover a wider range of situations than a single malware scan could address. Why does this matter to an individual user? Personal cybersecurity often gets discussed in terms of passwords, OTPs, and avoiding suspicious links. Those habits remain important, but the device itself is involved in far more digital activity than a user sees at any one moment. CYBX is a B2C mobile cybersecurity application aimed at individual users, including students, farmers, professionals, and small business owners. Its focus is on bringing different forms of protection into everyday mobile use.  The technology also sits within the wider history of 63 moons, whose earlier journey included FTIL and work connected with financial-market technology. CYBX operates in a different area, with its focus firmly placed on cybersecurity for individual mobile users. Jignesh Shah remains associated with the organisation as a coach and mentor, bringing his experience and perspective to its broader technology journey. What really happens behind the screen? For the person holding the phone, very little may appear to happen. A link opens, an application runs, or a Wi-Fi connection is established. Behind that simple interaction, however, several security questions may arise: Is the link safe? Is the application behaving normally? Is the network trustworthy? Is the device itself secure? CYBX brings these checks closer to those everyday moments. That is what makes its approach relevant to individual cybersecurity. The aim is to make protection part of ordinary phone use so users have another layer of support while they work, communicate, browse, and manage their digital lives. FAQs 1. What is CYBX? CYBX is a B2C mobile cybersecurity application that helps individual users protect their devices from threats such as malware, phishing, unsafe Wi-Fi and data theft. 2. How does CYBX protect against phishing? CYBX checks links, websites and files for potential threats and can alert users or block access when suspicious content is detected. 3. Can CYBX check the security of a Wi-Fi network? Yes. CYBX’s Wi-Fi Threat Detection checks for unsecured networks, rogue access points and risky login pages. 4. Does CYBX check the security of the device itself? Yes. Its Device Integrity Check identifies conditions such as rooting, jailbreaking and modified security settings that may make a device more vulnerable. 5. How is CYBX connected with 63 moons? CYBX is a B2C cybersecurity application within the wider technology journey of 63 moons, with its focus on protecting individual mobile users

Jignesh Shah is widely associated with the development of technology-driven financial market infrastructure in India. His entrepreneurial journey brought together financial markets and technology at a time when electronic trading was transforming the way transactions were conducted. His association with MCX, FTIL, and later 63 Moons Technologies represents an important chapter in the evolution of financial technology in India. From electronic commodity trading to digital platforms and emerging technologies, the journey reflects the growing role of technology in modern financial markets. Jignesh Shah and Financial Technology Financial technology has transformed the way financial markets operate. Electronic trading platforms, automated systems, real-time market information, and digital infrastructure have made financial transactions faster and more accessible. Jignesh Shah’s work has been closely connected with this transformation. His approach focused on using technology to create platforms capable of supporting large-scale financial market operations. The objective was not simply to digitise existing processes but to develop technology infrastructure that could fundamentally improve the efficiency and accessibility of financial markets. Jignesh Shah and MCX One of the most significant names associated with Jignesh Shah is the Multi Commodity Exchange of India (MCX). MCX emerged as an electronic commodity exchange, providing a platform for trading a wide range of commodities. The exchange became an important part of India’s organised commodity market ecosystem. Technology played a central role in this development. Electronic trading infrastructure allowed market participants to access prices and execute transactions through a technology-enabled platform. Jignesh Shah’s role in the development of MCX is therefore closely connected with the broader evolution of electronic commodity trading in India. The Role of FTIL Financial Technologies (India) Ltd., or FTIL, was another major part of Jignesh Shah’s entrepreneurial journey. FTIL focused on developing technology solutions and infrastructure for financial markets. Its activities reflected the growing demand for sophisticated technology platforms capable of supporting exchanges and financial institutions. The company’s technology-led approach was based on the idea that robust infrastructure could help modernise financial markets and make them more efficient. Through FTIL and associated ventures, the financial technology ecosystem developed around the use of electronic platforms, market connectivity, and digital financial infrastructure. From Financial Technologies to 63 Moons The evolution from Financial Technologies to 63 Moons Technologies represents a broader transition in the technology landscape. While financial technology remains an important part of the company’s history, the digital economy has expanded into areas such as cybersecurity, blockchain, artificial intelligence, digital assets, and other emerging technologies. 63 Moons has positioned itself around technology solutions designed for an increasingly connected digital environment. This evolution reflects how the definition of financial technology has expanded. Today, financial systems depend on cybersecurity, cloud infrastructure, data intelligence, digital identity, distributed technologies, and other technology capabilities. Jignesh Shah and 63 Moons Jignesh Shah’s association with 63 Moons is connected with a larger vision of technology-led innovation. The company has explored technology solutions across multiple domains, with an emphasis on developing infrastructure for the digital era. Cybersecurity has become particularly important as financial and business systems become increasingly interconnected. Protecting digital infrastructure, data, transactions, and platforms is now an essential part of operating in a technology-driven economy. At the same time, emerging technologies such as blockchain are creating new possibilities for decentralised systems and digital transactions. Technology and the Future of Financial Markets The financial markets of the future will continue to depend heavily on technology. Electronic trading is now an established part of global financial markets, while newer technologies are introducing additional possibilities. Artificial intelligence can assist with data analysis and automation. Blockchain can support distributed transaction records. Advanced cybersecurity systems can help protect financial infrastructure. These technologies are not isolated developments. Their convergence is creating a new generation of financial technology. The journey associated with Jignesh Shah, MCX, FTIL, and 63 Moons provides an example of how financial markets and technology have evolved together over time. The Importance of Digital Infrastructure Behind every modern financial platform is a technology infrastructure capable of processing large volumes of information and transactions. Reliable infrastructure is essential for market connectivity, transaction processing, data management, security, and operational continuity. The development of electronic exchanges demonstrated how technology could change the structure of financial markets. Today, the same principle applies to digital assets, blockchain networks, cybersecurity platforms, and other emerging technologies. For technology entrepreneurs and organisations, the challenge is to build infrastructure that can remain reliable while adapting to rapid innovation. Looking Ahead The evolution of financial technology is far from complete. New technologies continue to change how markets, businesses, and consumers interact with digital systems. The story of Jignesh Shah, MCX, Financial Technologies, FTIL, and 63 Moons can be viewed within this larger transformation of India’s technology and financial market ecosystem. From electronic commodity trading to modern digital technologies, the central theme remains the same: technology can serve as a foundation for innovation in financial markets and the wider digital economy. As blockchain, cybersecurity, artificial intelligence, and other emerging technologies continue to mature, the next phase of financial technology will likely focus on creating systems that are more connected, secure, efficient, and adaptable. Jignesh Shah’s technology-focused journey, particularly through MCX, FTIL, and 63 Moons, reflects the continuing relationship between innovation and the evolution of financial infrastructure in India.

The digital world is evolving at an extraordinary pace. From financial technology and blockchain to artificial intelligence and cybersecurity, emerging technologies are changing the way individuals, businesses, and institutions interact with digital systems. At the centre of this transformation is an increasing need for technology that is not only innovative but also secure, transparent, resilient, and capable of giving users greater control. For Jignesh Shah and 63 Moons Technologies, the development of technology has always been closely connected with the idea of building infrastructure for the future. With experience spanning financial technology, digital platforms, cybersecurity, and emerging technologies, 63 Moons represents a technology-driven approach to addressing the changing requirements of a connected world. Building a More Secure Digital Future As digital services become part of everyday life, cybersecurity has become one of the most important components of modern infrastructure. Financial transactions, business operations, personal information, and critical systems increasingly depend on interconnected digital networks. This connectivity also creates new vulnerabilities. Centralised systems can become attractive targets for cyberattacks, while a single point of failure can potentially affect large numbers of users or services. A more resilient digital ecosystem requires security to be considered from the foundation rather than added as an afterthought. Technologies such as distributed systems, advanced encryption, blockchain, artificial intelligence, and real-time threat monitoring can contribute to creating stronger digital infrastructure. This broader technology perspective is reflected in 63 Moons‘ focus on cybersecurity and emerging digital solutions. The Role of Decentralisation Decentralisation is becoming an important concept in discussions around the future of the internet and digital economies. Traditional digital platforms often depend on centralised organisations to manage information, transactions, identities, and infrastructure. Decentralised technologies can distribute elements of this control across networks, potentially improving transparency, resilience, and user participation. Blockchain is one of the technologies associated with this transformation. By maintaining records across a distributed network, blockchain can enable transactions and information to be verified without relying entirely on a single central authority. The potential applications extend beyond cryptocurrencies. Distributed technologies can support financial services, digital identity, asset management, data sharing, supply chains, and other areas where trust and transparency are important. 63 Moons and Technology-Led Innovation 63 Moons Technologies has its roots in financial technology and the development of platforms designed to support sophisticated financial markets. Over time, the technology landscape has expanded considerably, creating opportunities across fintech, cybersecurity, blockchain, and other emerging areas. The company’s technology-oriented approach reflects a larger shift taking place globally: digital infrastructure is no longer limited to software applications. It increasingly includes the underlying systems that enable secure communication, transactions, data management, and digital interactions. This makes innovation in areas such as cybersecurity and decentralised technologies particularly significant. Blockchain and the Digital Economy Blockchain has introduced a different way of thinking about digital ownership, transactions, and trust. In conventional systems, users generally depend on intermediaries to validate transactions and maintain records. Blockchain networks can create shared records that are verified through network-based mechanisms. This model has the potential to support new forms of digital commerce and financial infrastructure. Smart contracts, tokenisation, decentralised applications, and digital assets are examples of concepts that have emerged from the broader blockchain ecosystem. However, technology alone cannot determine the success of decentralised systems. Scalability, governance, security, regulatory frameworks, interoperability, and user adoption remain important considerations. A sustainable digital future therefore requires an approach that combines technological innovation with responsible implementation. Cybersecurity as a Foundation The growth of decentralised and connected technologies also increases the importance of cybersecurity. As more devices, platforms, applications, and networks become interconnected, organisations need to continuously monitor and protect their digital environments. Cybersecurity is moving beyond traditional perimeter protection towards approaches involving threat intelligence, behavioural analysis, automated detection, and proactive response. 63 Moons’ focus on cybersecurity solutions reflects this changing environment. Technologies designed to identify threats, strengthen digital infrastructure, and improve cyber resilience can play an important role as organisations become increasingly dependent on digital systems. A secure digital ecosystem is ultimately essential for users to trust new technologies. Creating Trust in a Digital World Trust has always been fundamental to financial systems and digital commerce. In the digital era, however, trust increasingly depends on technology. Users expect transactions to be secure, information to remain protected, and digital platforms to operate reliably. Businesses require infrastructure capable of handling growing volumes of data and transactions. Governments and institutions need systems that can withstand increasingly sophisticated cyber threats. Decentralised technologies can contribute to this environment by introducing greater transparency and distributed verification, while cybersecurity technologies can help protect the infrastructure supporting these systems. Together, these technologies can form part of a broader framework for digital trust. Looking Beyond the Present The future of technology will likely not be defined by one individual innovation. Instead, it will emerge from the convergence of multiple technologies. Blockchain can provide distributed trust. Artificial intelligence can enable automation and intelligent analysis. Cybersecurity can protect increasingly connected infrastructure. Cloud and distributed computing can provide scalability. Advanced communication networks can connect users, devices, and digital services. The convergence of these technologies can create new possibilities for digital economies and businesses. For technology companies such as 63 Moons, this changing environment creates opportunities to build solutions that address both current requirements and the challenges of tomorrow. A Vision for a More Resilient Digital Ecosystem The movement towards decentralised and secure digital infrastructure represents more than a technological trend. It reflects a broader transformation in how people think about ownership, trust, security, and participation in the digital economy. Jignesh Shah’s association with technology-led innovation and 63 Moons’ evolution across financial technology and emerging digital solutions highlight the importance of looking beyond conventional systems. The next generation of digital infrastructure will need to be secure by design, resilient by architecture, and adaptable enough to support continuous technological change. As blockchain, cybersecurity, artificial intelligence, and decentralised technologies continue to evolve, the opportunity lies in combining these capabilities to create digital ecosystems that are more secure, transparent, and resilient. The future digital world will ultimately