Intellect Design gains on CBX FX launch

Intellect Design Arena announced the launch of CBX FX, which provides contextual FX trading experience to the bank’s corporate customers for managing hedging strategies.

CBX FX offered by a bank jointly or separately, allows its large corporate and SME customers to be self-reliant. The stock of the company gained more than three per cent, soon after this news.

CBX-FX provides two distinct components namely, FX Trading and FX Corporate. CBX FX Trading provides a platform with streaming rates from multiple liquidity providers so as to enable a straight-through processing from the customer’s device to its treasury back office. All customer needs are efficiently addressed through the use of ‘single screen, single click’ (SCSS) powered by an HTML5 application architecture wherein, customers can view, transact and organise their workspace with just a single click. The SCSS technology also helps the banks to control the trading behaviour of its customers.  

Meanwhile, CBX FX Corporate help clients to create a personalised data repository of FX hedging strategies by bringing both FX exposures and hedged deals together. By considering points such as ‘what to hedge’, ‘when to hedge’ and ‘how to hedge’, the customers can get access to information in real-time, which would build their hedging strategy as well as enable them to execute it smoothly.

Intellect Design Arena Ltd is a financial technology company that covers the spectrum of banking and insurance needs with its wide suite of products. It does so via its four lines of business, namely, global consumer banking, global transaction banking (iGTB), risk, treasury, markets and insurance software.

On Friday, the stock was trading at Rs 66, up by 3.04 per cent or Rs 1.95 per share. The 52-week high is Rs 292 and its 52-week low is Rs 44 on BSE.