Thai brokers get one-stop-shop solution from Coimbatore
KGiSL, a global IT Products, Solutions, and Services provider from Coimbatore, will rollout Dolphin – a state of the art, cutting-edge technology back-office (BO) platform – for brokers for the Stock Exchange of Thailand (SET). The platform, hosted by SET, will be made available in the next 16 months.
KGiSL’s flagship product for Capital Markets – Dolphin, caters to 60% of the leading institutional brokers in India by supporting their back-office clearing and settlement operations.
The new platform is set to become the one-stop-shop solution for brokers in Thailand with its ability to handle multiple asset classes including Equities, Bonds and Offshore Trading, for both retail and institutional brokers.
The next generation technology platform has been tested for handling 5 million trades a day and has the potential capability to scale vertically and horizontally, to support any increase in business volumes. Dolphin was chosen over the other leading global platforms, because it had a better fit to the requirements and also for the robustness, scalability and automation capabilities, it offers.
Announcing the contract on 17 Aug 2021, KGiSL Director and CEO Prassadh Shanmugam said, “This is a huge win for KGiSL. Dolphin has been the undisputed market leader in India so far, but we have had limited successes in other markets. This order opens up the entire ASEAN and APAC markets to create similar success stories like how we have done in India. KGiSL is poised to invest more in Dolphin’s capabilities by adding Artificial Intelligence (AI), Machine Learning (ML), Business Intelligence (BI) and Analytics.”
SET President Dr. Pakorn Peetathawatchai elaborated, “This is one of our most ambitious and challenging projects to establish a common, streamlined infrastructure that will open up new possibilities for Thai brokers to revolutionize their back office business models. We strongly believe that continued support from participating brokers in providing valuable insights, along with KGiSL’s delivery capability are key ingredients to contribute the project’s success.” #technology #investment /fiinews.com
