TCS gains on launching new trading and surveillance platform

21 Sep 2011

TCS is currently trading at Rs. 1058.65, up by 0.75 points or 0.07% from its previous closing of Rs. 1057.90 on the BSE.

The scrip opened at Rs. 1065.00 and has touched a high and low of Rs. 1067.20 and Rs. 1055.25 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1247.00 on 06-Apr-2011 and a 52 week low of Rs. 902.90 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 1071.00 and Rs. 1010.45 respectively. The current market cap of the company is Rs. 2,07,201.00 crore.

The promoters holding in the company stood at 74.08% while Institutions and Non-Institutions held 20.90% and 5.03% respectively.

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organisation, has launched its new Java based Exchange Trading and Surveillance solutions, which is integrated with its market leading Clearing, Depository and Settlement solutions. This integrated solution which has components for Trading, real-time Risk Management, Clearing and Surveillance is a significant enhancement to the capabilities of TCS BaNCS Market Infrastructure and has already been validated in a real-time customer environment. The solution is expected to go live for 2 customers in the next few months.

TCS BaNCS Market Infrastructure is designed and architected to make use of standard (non-proprietary) hardware and system software, without compromising on the requirements of high availability and performance. The solution prevails over current inefficiencies due to disparate systems and usage of expensive infrastructure, thereby ensuring a low TCO and short time-to-market. TCS is the largest comprehensive independent solution provider in the Market Infrastructure space.

Related Tata Consultancy Services Ltd. Links:

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