Intellect Design Arena Ltd.

BSE: 538835 | NSE: INTELLECT
Small Cap | IT - Software
922.30
8.15 (0.89%)
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Intellect Design Arena gains on launching CBX FX

Date: 22-05-2020
Intellect Design Arena is currently trading at Rs. 65.00, up by 0.95 points or 1.48% from its previous closing of Rs. 64.05 on the BSE.

The scrip opened at Rs. 62.40 and has touched a high and low of Rs. 65.40 and Rs. 62.40 respectively. So far 2602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 292.00 on 15-Jul-2019 and a 52 week low of Rs. 44.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 67.90 and Rs. 62.40 respectively. The current market cap of the company is Rs. 853.58 crore.

The promoters holding in the company stood at 31.38%, while Institutions and Non-Institutions held 26.32% and 42.30% respectively.

Intellect Design Arena has launched CBX FX, which provides a contextual FX trading experience to the bank’s corporate customers enriched with a powerful tool to manage hedging strategies. CBX FX provides two distinct components - FX Trading and FX Corporate. These components can be offered by a bank, jointly or separately, to its large corporate and SME customers. It allows the end customer to be self-reliant and meet its FX requirements efficiently.

CBX FX Trading is an FX trading platform with streaming rates from multiple liquidity providers which enables straight through processing from the bank’s customer’s device to its treasury back office. Complete trading requirements are met through a ‘Single Screen, Single Click’ (SCSS) powered by an HTML5 based technology architecture. The comprehensive trading needs for the bank’s customers are met on a single screen allowing them to view, transact and organize their workspace with a single click.

Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).