Dion Global Solutions, provider of software solutions to financial institutions, 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.

Shares of the company gained Rs 4.65, or 4.88%, to trade at Rs 100. The total volume of shares traded was 1,532 at the BSE (10.27 a.m., Tuesday).