A real-time, multi-asset class, multi-strategy system supporting multitenancy architecture to manages entire lifecycle of orders captured through various channels and funneling through embedded highly configurable pre-trade risk management against indigenous and regulatory policies.

Marlin has the ability to route orders to multiple trading venues. It allows automatic order routing to connected exchanges in order to let the alternative venues to take advantage of extra liquidity, while reducing trading costs and ensuring full compliance.

Comprehensive Authority Management System is responsible for all type of security measures in the system. Role based user access to the system that assist the brokers to map their organizational hierarchy with system roles and users for defining system access that further controls the access to the data. Moreover, all transactions supports Maker & Checker mechanism.

Marlin supports real-time risk management that integrates with Order Management System. The system is updated before trading hours.

All qualified cash and security transactions carried out during market hours are sent to Order Management System on real-time fashion.

Following are the key features provided by this system.

• Pre trade risk monitoring system
• Risk monitoring on all type of trades (Regular, Spot, Future, Provisional)
• Different exposure percentages on cash and custody position
• Exchange wise, client wise security wise hair cut percentages on holding.
• Exchange wise, client wise, security wise exposure percentages.
• Exchange wise, client wise, security wise limits on per order value and volume.
• Immediate effect of any cash deposits/withdrawals and custody activities
• Management of Assets allowed for Collateral and the allowed Percentage
• Maintenance of valid client IDs
• Client wise sell and buy check
• Management of client wise collaterals
• Client wise margin
• Cash validation for positions in non-cot and spot scripts, and deliveries
• Immediate effect of Mark to Market

Trading & Settlement module ensures STP on entire life cycle of the trade. It supports multi-Exchange, multi-market, multi-branch and multi-currency with capability to handle markets like Equities, Fixed Income Securities, Derivatives and Debentures. It also complements DVP model 1 and DVP model 3; whereas DVP model 2 is offered on demand. It covers all aspects, from trade inception until its settlement.

This module captures client trade in one of following three ways:

• Real time fashion: Integrated with OMS, all Orders & Trades are received online from OMS system
• Offline mode: Importing a Trade detail text file received from the Exchange
• Manual entry: By using the interfaces of BBO application

This module integrates with Financial and Vault modules. On execution of settlement process (schedules in the system) this module generates delivery and money obligations after adjusting the levies & commission. Shadow balances are prepared in custody module and vouchers like commission, levies, payment and receipts are auto posted in Financials.

Following are the key features of the module:

• Supports multiple branches
• Supports multiple settlement regime i.e. T+3, T+2, T+1, T+0, Future, weekly Future
• Supports Maker/Checker (Entry/Post) functionality
• Provision to define multiple Levies i.e. Exchange and Broker defined Levies
• Flexible client searching (NIC, PP, Phone) for support staff
• Offers a flexible commission and fee structure
• Configuration for weekly off days
• Management of public holidays
• Management of margin providers
• Integrated with GL
• Integrated with Custody module
• Portfolio Classification � Held for Trading, Held to Maturity and Available for Sale.
• Supports for Corporate and Government Bonds, T-Bills, Commercial Papers, TDR/CODs etc.
• Provides comprehensive Definition of Bond schemes and issues
• Provides comprehensive definition of coupon rates and schedule
• Market Price management
• Daily profit accrual
• Purchase / Sale Contracts
• Amortization by Effective Yield Method
• Settlement � Payment to/from counterparty
• Adjustment for accrued coupon amount in outright purchase/sale
• Broker commissions for transactions through broker
• Auto update of GL respective accounts on sale and purchase of Bonds
• Bond calculator
• Yield calculator
• Ready (normal) and Spot Trades Handling
• Market/instrument wise as well as integrated reports
• Offers a flexible commission and fee structure
• Terminal User id wise mapping for remote trading terminals
• Supports both Bill and transaction base modes
• Bill Cancellation process
• Detailed and summarized reports related to transactions, settlement, financials, holdings etc.

Vault manages dematerialized securities information of each registered client/investor. System provides a complete workflow to transform the materialized securities to dematerialized form. It integrates with Central Depository to synchronize client holding with Central Depository System. It also keeps track of Pledge and Release of securities.

Key features of Vault are:

• Detailed inventory record (materialized and dematerialized, registered/unregistered, non-saleable shares etc.)
• Auto reconciliation of client portfolio balances with CDS
• Recording of all movements e.g. shares sent to transfer, verification or pledged. Shares received/delivered to settlement, shares received/delivered to client, sale purchase of shares, Bonus, Right shares.
• Supports Maker/Checker (Entry/Post) functionality
• Client account maintenance
• Announcement entries
• Handling of Right shares
• Handling of Bonus shares
• Shares withdrawal request from Central Depository
• Comprehensive track of Pledge securities and mechanism to Release from Pledge
• Maintenance of shadow and final balances
• Maintenance of CDS transaction types
• Migrator for transferring CDS balances
• Migrator for CDS transactional details
• Migrator for CDS Clients (add/edit)
• Custody Expenses entry
• Comprehensive commission structure

Following are the key Reports offered by this module:

• Central Depository Company difference/comparison report
• Activity reports (date wise, activity type wise, client wise, security wise, market wise)
• Stock wise client holdings
• Available share summary reports (branch wise, security wise, client wise)
• Outstanding benefit reports (client wise, security wise)
• Expense reports (date wise, expense type wise, client wise, security wise)
• Transaction ledger (client wise, security wise, market wise)
• Receipt printings (with and without folio details)
• Other statistical reports and receipt printings
• List reports for all master and referenced data

Financials caters all accounting and GL requirements of a modern stock brokerage firm. To accommodate the accounting requirements of different regions, this module is developed around highly configurable parameters that each brokerage firms can customize ad per their needs.

It generates up-to-date General Ledger, Instant Trail Balance, Balance Sheet, Profit & Loss Statement, and Cash Flow Statement at any level of Chart of Account.

Financials has a comprehensive e-Payment gateway functionality which can be integrated with multiple Banks through SWIFT protocol or by proprietary protocol. All cash movement (payment, receipt) recorded, are sent to Order Management System instantly to adjust the exposure and buying power of client in a real-time fashion.

Core features offered by the Financials are as follows:

• Flexible n-level Chart of Account
• Account wise budgeting and tracking
• Open coding structure
• Double entry system
• Recurring entries through Template vouchers
• User wise Chart of Account Access
• Sophisticated cancellation process
• Cash/Bank Configuration
• Journal/Cash/bank voucher types
• Monthly/Yearly voucher serial
• Cheques, Pay Order and Draft Management.
• Auto debit/credit in client & company GL upon clearing from bank
• Management of dishonored cheques
• Integrated with OMS on real-time fashion for all type of cash movements
• Support for British & American mode of displaying Debit and Credit balances
• Fixed asset register
• Auto bank reconciliation
• Profit loss statement
• Cash flow statement
• Penalty reports
• Stamp duty report

The system generates electronic notifications in form of E-mail, SMS and fax with content customization for each alert type. User can define alert on various events in the system for instant notification, in order to improve efficiency in the overall business processes, such as trade confirmation (contract note) and portfolio position report can be auto sent as attachment via email to the clients on a scheduled time, or reminder SMS may be configured in the system for debtors and creditors.

Marlin offers customized reports for compliance monitoring by the apex or frontline regulator. System also lets the user to define different configurable parameters for tracing suspected activities.

In-built compliance features of the system ensures that system regulations or guidelines are being complaint and any suspected or non-complying activity either can be monitored through various reports or e-mail notifications can be initiated for the compliance staff of the brokerage firm.

System also provides comprehensive audit log as well as maintains journal of all daily transactions entered in the system. Any modification, cancellation or execution of customer and proprietary trades are recorded in transactional journal.

Following are some of reports provided for regulatory compliance.

• Broker net capital statement
• Trade pattern analysis
• Client margin requirements
• Short selling position
• Client collateral vs margins

Marlin offers inclusive CRM that plays vital role for brokerage firm by allowing brokers to manage their business interaction with current and future customers as well as gaining a greater understanding of how to cater your customer�s needs. Marlin CRM assist its clients to reduce staffing costs and improve efficiency thus increasing customer satisfaction.

Marlin is an open ended system that communicates with the outer world through standard as well as proprietary communication protocols. System supports all versions of FIX and SWIFT to communicate with the ATS of the Exchange, Depository Company, clearing company, banks etc. Furthermore system allows exporting different formats of data for outsourcing purpose.

Following is the brief detail on how Marlin integrates with external systems.

Integration with OMS: Marlin can be integrated with 3rd Party Order Management System such that it performs two way data communication at day start, during trading hours and at day end. Any change in cash or custody position of any client in BBO is sent to OMS instantly in order to control the exposure limits, buying powers, short sale etc. in real-time fashion.

Integration with Depository Company: Vault can be easily integrated with the Depository Company for two way data transfer. System supports both online as well as batch mode integration. Specified formats can be uploaded/ downloaded to synchronize the portfolio balances with Depository.

Integration with Third Party GL systems: Marlin has an in-built financial module, however system can be seamlessly integrated with any third party GL systems for all accounting transactions. System supports online as well as offline mode of integration. In case of online integration data is sent/ received to/from third party GL system instantly whereas in offline mode data is shared through data export/import

Integration with Banks: Marlin supports the standard communication with banks over SWIFT protocol. Financial service is integrated with underline banks for all type of communication and cash movements in the bank accounts. Furthermore electronic version of bank statement can be downloaded in the system for auto bank reconciliation.

Integration with Third Party Cheque Printing: Marlin has an in-built cheque printing module; however system can be easily integrated with third party system for the purpose of cheque printing.

Migrators are responsible for all types of data imports and exports through standard as well proprietary protocols. Few migrators are used just once (i.e. brokerage firm setup) whereas others are used periodically as per the requirements of the brokerage firm.

Following are key data migrators:

• Chart of account
• Account opening balances
• Clients from CDS
• Clients Portfolio balances
• CDS share transactions detail
• Exchange daily Orders
• Exchange daily Trades
• Exchange daily Market Data
• Contract wise settlement details – export

With more investors on the go, it is imperative to have the precise tools with you at all times to not only have the correct information on demand, however also the capability to place orders to make the trade.
Thereby, Marlin is bundled with a comprehensive mobile trading application that enables the traders to remain sync with the market all the time.

Following are the key features of Marlin Mobile Application.

• Online Trading: The traders are able to buy/sell securities, cancel or modify their orders on the exchange order matching platform. Additionally, support for placing stop loss prices and trigger price through the mobile trading application is also enabled
• Real-time Portfolio Tracking: The investors/traders can check their current holdings and positions through mobile trading application
• Stock Market Live Data Streaming: The platform support live quotes, market depth, intraday charts, track market movements and retrieve updates on the indices. Additionally, intraday and end of day movements for any script on in form of candlestick charts, line charts or OHLC charts are also supported
• Watch Lists Management: Personalized watch lists of the chosen scrip can be managed in the mobile trading application.
• Multi-level Security for Data: User Authentication is conducted using User ID and 2 factor authentication, where access is granted upon successful password authentication as well as security key code. Moreover, the mobile trading application does not store details of the user session, thereby user sessions are terminate upon sign-outs. Idle sessions timeouts limits can be also configured in the system. Also, all industry standard encryption protocols are employed to safeguard information integrity
• Multi-Platform Support: Application is available for Android and iOS platforms