New Functionality

Solution

When compiling an instrument directory in the Broker quotation system QUIK and OMS Manager module based on data from QORT, information about securities available only for qualified investors is displayed in a separate class of instruments in QUIK. This allows separate setting of rights to trade these securities and banning their trading for unqualified investors.

backQORT, midQORT

When exporting data on instruments to several different classes of the Broker quotation system QUIK, the QORT system can automatically fill in the settlement currency and other instrument parameters.

backQORT, midQORT

The CFI code of an asset now can be uploaded from QUIK. Based on this decoded code, QORT is able to automatically identify the asset’s class, type, and kind.

backQORT, midQORT

To identify prices and parameters of the exchange information when calculating margin indicators, it is possible to use data import priorities set in the ‘List of classes for portfolio estimate’ in QUIK.

backQORT, midQORT

When uploading a non-trading operation to withdraw securities from the Non-Trade Instructions module QUIK, it has become possible to specify withdrawal details based on the data specified in the instruction.

backQORT

New Functionality

Solution

backQORT allows automatic registration of clients on the Saint-Petersburg Exchange. The registration is performed by sending a file in the personal account on the Saint-Petersburg Exchange.

backQORT

When changing a trade status, for own subaccounts it is possible to automatically send settlement details of the trade (information on payment and delivery accounts) by email to specified addresses.

backQORT

New Functionality

Solution

If OTC trades of different broker clients are executed with one counterparty, such trades can be aggregated in backQORT with generation of the ‘Aggregate netting agreements’ document for sending to the counterparty.

backQORT

For trade aggregates, backQORT automatically generates network folders where SWIFT messages of MT 540-543, MT 518 types are saved. Besides that, such SWIFT messages can also be saved in network folders of respective trades included in aggregates. Previously, the message saving functionality was available only for trades.

backQORT

When executing non-trade operations to deposit/withdraw cash and securities via Euroclear, such operations, as well as trades, can be combined into aggregates of ‘Multi purpose’ and ‘Position non-trade transaction’ types. This allows reducing transaction commissions.

backQORT, midQORT

It is possible to set rules in the system to automatically combine trades with counterparties of one group of companies into mixed aggregates (MIX type).

backQORT, midQORT

New Functionality

Solution

Changes were made in the structure of QORT assets. The ‘Foreign currency’ class was renamed ‘Cash assets’, and now it includes the ‘Russian roubles’ type. Previously, ‘Russian roubles’ was an independent asset class.

backQORT, midQORT

The ‘Delivery type’ parameter was added to the asset card. It is used to identify a type of options to perform settlements.

backQORT

New Functionality

Solution

QORT can transfer information about server components’ connection status when connecting to an external monitoring system (for example, to Zabbix).

backQORT, midQORT

New Functionality

Solution

To take account of various settlement options for OTC trades, a trade party which acquires the UTI code can be specified in the General agreement’s card. This possibility was added in order to meet SFT reporting requirements.

backQORT

New parameters were added to the trade card and the ‘Trades’ table in order to take account of non-exchange FX forward trades.

backQORT, midQORT

To take into account standard international settlements for OTC trades when processing incoming SWIFT messages by MT 544-MT 547 trades, if a volume of the trade (aggregate) in the incoming message differs from the volume of the trade (aggregate) in backQORT not more than by a specified value, a full payment stage is automatically generated with an additional ‘Allowable divergence’ stage equal to the divergence.

backQORT

New Functionality

Solution

A global instruction can be specified as a settlement base in the trade’s card.

backQORT

New non-trade instructions can be made by copying in the context menu of the ‘Client instruction register’ table.

backQORT

Consolidated instructions for one or several clients can be generated and saved in the network folder without using the system terminal. To do this, it is necessary to create and run scripts.

backQORT

When an investment company has a trust management license, it is possible to separately take or not take account of trade and non-trade instructions for trust management accounts.

backQORT

An algorithm was improved for the automatic choice of instructions’ parameters based on rules. In particular, the rules for choosing instructions’ parameters now can be separately set for trade orders, non-trade instructions, and exchange orders.

backQORT

New Functionality

Solution

OKUD 0420415, OKUD 0420416, OKUD 0420417, OKUD 0420427 report forms in XBRL taxonomies 3.1 and 3.2 can be formed in backQORT without data conversion in the Bank’s of Russia XBRL report editor. Earlier, this option was implemented for the OKUD 0420418 form.

backQORT

It is possible to generate a ‘Statement of securities price’. This document shows a purchase price of securities held by a client on the settlement date (FIFO). Such a statement is required when a client changes a broker to confirm the purchase price of securities.

backQORT

There is a ‘Portfolio NAV change report’ which shows changes in cash and securities, as well as operations which changed the portfolio’s net asset value.

backQORT

When generating the ‘Interpretation OKUD0420458’ report, not a list of collateral securities but NCC discounts can be used to calculate a price of the liquid property.

backQORT

When creating the ‘Current position’ table for more than one day, it is possible to display position evaluation for each date of the requested period by prices actual on this date.

backQORT, midQORT

New Functionality

Solution

For SWAP trades, it is possible to create a ‘Termination of an agreement’ stage.

backQORT, midQORT

To take account of trades with options on the OTC derivatives market, ‘Closing the contract’ and ‘Executing the contract’ stages were added. These stages can be created in the system terminal or imported to/exported from QORT by means of the intermediate database and the Web-services integration module.

backQORT, midQORT

For interbank loans, negative price values can be used.

backQORT, midQORT

New Functionality

Solution

By using the context menu in the ‘Position change report’ table, it is possible to view an operation for a chosen line.

backQORT, midQORT

If only one user works with trade stages, this stage is blocked for editing by other users (including group processing).

backQORT, midQORT

When importing data via the IDB, it has become possible to transfer data on the non-trade operation’s counterparty, even if the counterparty’s account and subaccount are not specified. This option allows displaying information about the trade’s beneficiaries which do not have an open account and a subaccount at the broker’s.

backQORT

It is possible to set names of trade stages’ types and other constants in tables, dialogues, and reports.

backQORT

When generating reports: ‘Client instruction register’, ‘Journal for registration of client instructions’, ‘Registry of debts for client instructions’, ‘Consolidated client instruction’, ‘Consolidated client’s instruction (currency)’, and 'Consolidated client’s instruction (Derivatives market)’ – the ‘Sub/analytic account categories’ parameter can be used to select clients’ subaccounts. It is possible to upload to this parameter any information which may be necessary to select clients which cannot be selected by other available features.

backQORT

A settlement currency is now displayed in the trade order’s card.

backQORT

Different position statuses can be specified for one and the same business partner. If the business partner is both the company’s employee and client, this allows using various system functions for one contact person.

backQORT

When a margin call occurs, information is saved to analyze the causes of this event.

backQORT, midQORT

New Functionality

Solution

During reconciliation of positions by securities with data of the Moscow Exchange, it is possible to adjust information in accordance with balances on trade-clearing accounts which are transmitted by MOEX via QUIK. As part of reconciliation, several positions can be selected for adjustment.

backQORT, midQORT

New Functionality

Solution

When using the Spot Market Risk Management module, a broker can automatically generate orders for forced closure of client positions by future contracts on the derivatives market.

backQORT, midQORT

New Functionality

Solution

Transmission of reference and market data on futures and options is supported by the Bloomberg DataLicense QORT program interface.

backQORT, midQORT

New Functionality

Solution

When generating reports on OTC trades to the Moscow Exchange, the Module of OTC trade reporting takes into account a history of instruments’ inclusion in A1 and A2 quotations lists. This allows avoiding errors in reports on borderline dates of instrument transfer when changing the listing.

backQORT

New Functionality

Solution

The module supports a new scheme of 4.5 formats of NSD Repository. In particular, when the ‘Reporting to NSD Repository’ module generates Bulk reports on trades, it is possible to group REPO trades by a delivery date of first and second parts.

backQORT

When generating reports on REPO trades by the ‘Reporting to NSD Repository’ module, a separate Bulk report can be formed for each trade. This option allows reporting to NSD Repository with a lower price as compared with per trade reporting.

backQORT

New Functionality

The trades generated in the portfolio organizer can be sent for execution to the trading system without the consent of other specialists of the asset management company. Such trades will undergo pre-trade control before execution. This functionality can be set in the user terminal.

A trade can be forwarded on behalf of a blocked client (including when forwarding the trade for a group of portfolios) only in case this is a trade to repay the client’s debt or close all his positions.

When forwarding an order, the trade’s settlement period (T+) is defined automatically in anonymous trading modes based on exchange information imported for the instrument from QUIK. Previously, it was necessary to set this information in the ini file.

New Functionality

When forwarding a pool order via the ‘Depth of market’ table, an option is available which allows prefilling not only the order’s price but also its direction. For example, it is possible to use a direction of the quote used for the order generation or the direction opposite to the direction of the quote.

New Functionality

It is possible to set limits on trades with assets of an emission rating lower than a specified value. When the emission rating is missing, the system will notify of the limit violation even if the issuer’s rating meets the specified criterion.

The limits can be imported to the system via the IDB.

When selecting assets and forming groups of instruments available for trade execution, it is possible to view not only the instruments of these groups but also other included groups of instruments. To do this, the ‘Group structure’ item of the context menu should be chosen in the ‘Instrument groups’ table.

New Functionality

There is a possibility to import data on categories of unit investment funds from Cbonds. These data can be used during the performance of limit control. The functionality is available if the Module of integration with Cbonds Database is used.

For ETF assets, it has become possible to upload reference data to QORT via the Module of integration with Cbonds Database.

The index structure can be imported from RU DATA and used to create benchmarks in capQORT for automated portfolio rebalancing. The functionality is available if the Module of integration with RU DATA is used.

New Functionality

When forwarding a pool order, the list of available instruments shows only the instruments with exchange information. The setting simplifies the forwarding of pool REPO orders.

In case of limit violation in some portfolios when forwarding a pool order for a group of portfolios, such portfolios can be removed from a general order. The order will be forwarded only for the remaining portfolios.

New Functionality

When importing accrued commissions from external systems to capQORT, cash balances are taken into account not only in Russian roubles but also in other currencies. If there is a sufficient general amount of cash in all currencies on the client’s accounts, securities are not sold to pay the client commission.

New Functionality

capQORT can transfer information about server components’ connection status when connecting to an external monitoring system (for example, to Zabbix).