Dion Global Solutions trades jubilantly on launching new module within NOVA suite

14 Oct 2014

Dion Global Solutions is currently trading at Rs. 100.00, up by 4.65 points or 4.88% from its previous closing of Rs. 95.35 on the BSE.

The scrip opened at Rs. 96.50 and has touched a high and low of Rs. 100.00 and Rs. 96.50 respectively. So far 1352 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.05 on 15-Sep-2014 and a 52 week low of Rs. 21.60 on 20-Nov-2013.

Last one week high and low of the scrip stood at Rs. 107.00 and Rs. 92.05 respectively. The current market cap of the company is Rs. 310.99 crore.

The promoters holding in the company stood at 53.31% while Institutions and Non-Institutions held 4.59% and 42.10% respectively.

Dion Global Solutions, technology partner to the financial services industry, has launched a new module within its NOVA suite to support the Shanghai - Hong Kong Stock Connect scheme.

The Shanghai Hong Kong Stock Connect programme is scheduled to commence in mid- October this year. For the first time it will allow people in mainland China to invest in foreign stocks and allow foreign investors to buy stocks in the Shanghai Stock Exchange through Hong Kong brokerage accounts, which are subject to an annual quota. This is a significant step in the development of China’s capital markets and its attempts to integrate further with the global financial community.

The new module in NOVA, Dion’s clearing and settlement solution for both retail and institutional firms, supports Shanghai Hong Kong Stock Connect and enables the processing of cross-border trades made by Hong Kong brokers on the Shanghai Stock Exchange. It addresses the key differences between the two exchanges, including the process changes required to handle multiple market execution feeds and the difference in trade processing times, while resolving the differences in report formats.

Related Dion Global Solutions Ltd. Links:

Dion Global Solution Share Price

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Puchho Befikar
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