KGFSL’s Dolphin emerges as preferred back office solution for institutional broking firms in India

Coimbatore, India - 24 August 2010

Dolphin, KG Financial Software’s flagship back office software solution, has been chosen to satisfy the complex and growing requirements of their capital market operations in India.

KG Financial Software (KGFSL) has secured five major software orders for Dolphin from leading investment banking firms, including UBS Securities, HSBC Securities and IndiaBulls Securities within the past 18 months. “Customers have benefited from our ability to reliably configure and deliver complex financial IT systems in a rapid manner. In the case of IndiaBulls Securities, Dolphin went live within 45 days from date of sign-off,” said Ashok Bakthavathsalam, Managing Director. Dolphin’s flexible “low-touch to no-touch” process configurability allows quick turnaround on end-of-day activities. “Post-implementation, users have been able to close as early as two hours for the day,” Mr Bakthavathsalam added.

With India emerging as one of the most important investment destinations in the world, leading investment banks have always felt a strong need for a proven back office solution that would support their growth plans. After a detailed and exhaustive evaluation of various competing solutions in the market, they have chosen KGFSL’s Dolphin software suite, a comprehensive back office solution for the Institutional segment of the capital market. Dolphin has excelled in its flexibility and performance scalability and has established a proven track record with investment bankers operating in India and other global markets.

About Dolphin back office software
Dolphin is a back office solution that provides functionalities for institutional brokers that operate in a multi-exchange, multi-segment and multi-user environment. The fully-customizable, component-based solution offers complete functional coverage across technology platforms and delivery channels, including Equity trading, Equity traded Derivatives - Trading Member & Clearing Member, Currency Derivatives - Trading Member & Clearing Member, Depository, Clearing, Risk management, Securities Lending & Borrowing, Interest Rate Futures and Treasury. When adopted as an integrated solution, customers of Dolphin have benefited from the power and convenience of common data management, reliable and rapid trade reconciliation across multiple exchanges and segments, and reduced operational costs.

About KG Financial Software P Ltd
KG Financial Software (www.kgfsl.com ) is a 100% subsidiary of KG Information Systems P Ltd and part of the 70-year old USD 500 million KG Group of Companies (one of the reputed industrial groups from South India). Over the past 15 years, KG Financial Software Private Ltd has emerged as a vertical market specialist with proven domain oriented technology solutions in the Indian Financial Services & the General Insurance space. KGFSL is headquartered at Coimbatore, India with branch operations in Mumbai.

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