TCS' Quartz named best new post trade solution by Financial Technologies Forum; stock climbs ~3%

23 Jun 2022 , 01:49 PM

Tata Consultancy Services Limited announced that Quartz for Markets was named the Best New Post Trade Solution at the 2022 FTF News Technology Innovation Awards.

The Financial Technologies Forum established the awards to recognize professionals, financial technology vendors, service providers, industry bodies, and regulators who made significant strides and notable achievements during the year. This year’s competition winners were determined by votes cast online by FTF News readers and industry participants.

TCS was recognized for introducing an outstanding offering, Quartz for Markets. To drive future growth, the offering includes end-to-end services around tokenized securities to Market Infrastructure Institutions (MIIs) — exchanges, depositories, central banks, payment infrastructures, as well as private banks, custodians, and issuers.

The grouping of business components in Quartz for Markets leverages blockchain technology to support the entire post-trade life cycle of digital assets. It includes tokenized and digital asset management services such as issuance, custody, secondary market trading, settlement, and surveillance. Quartz for Markets supports digital asset management, such as e-voting and general meeting services.

With Quartz, you can make it easier for stakeholders in your value chain to create a fully decentralized ecosystem. Quartz serves organizations in a variety of industries, including financial services, banking, supply chain, energy and utilities, and eGovernment.

At around 1.53 PM, TCS was trading at Rs3,303.95 per piece, up by Rs81.95 or 2.54% from its previous closing of Rs3,222 on the BSE. The scrip touched intraday high and low of Rs3,308 and Rs3,222 respectively.