QUIK server software — version 5.16

The latest software version of QUIK server includes a number of functional developments in the limit calculation library:

• The added functionality to limit maximum order volume allows restrictions by classes, instruments, client codes on schedule in compliance with MiFID II requirements.
• Position keeping and control over negotiated trade and REPO operations now includes the option to check purchase power for orders with settlement codes S0 and B0 only at the moment of confirming execution. The same control option also allows making further liability checks in addition to T0 limit check of other limit types for each trade included in a complex report.
• The settings ‘Calculate limits for OTC trades’ and ‘Classes for OTC trades’ that used to be general are now applicable to individual client codes.
• It has become possible to set broker and trade venue commissions on SWAP trades if the swap instruments stand out as a separate class of instruments.
• The list of instruments setting ‘Ban REPO trades by first part direction and time of REPO’ acquired <ALL> option to include all securities.
• Broker managers may now employ templates ‘By leverage’, ‘By commission’, ‘By restrictions’ or individual commission and leverage settings for orders with no specific client code.
• Portfolio collateral (PC) is calculated for all types of existing limits (that are required for operation of Unified cash position module for spot and derivative markets). This serves for the purpose of position netting involving transactions on the equity market taken in account for the T2 limit and positions on the derivatives market calculated for Т0. Any changes in the list of confirmed client codes on the equity market and trading codes on the derivatives market become effective without a server reboot.
• The ‘leverage’ ratio may be automatically activated for “discount” margin lending scheme when any cash limit is changed. This saves a broker’s manager the need to adjust manually the ‘leverage’ ratio for any other limit types.

Another development is relevant for brokers servicing their clients via several QUIK servers. From now on operations with a working stop-order that originated from another server do not require the additional technological transaction ‘Make the stop-order your own’.
The audit subsystem was improved to include:

• Keeping records of password changes for access to QUIK.
• Keeping records of user connection to QUIK Administrator.
• Reports showing time corresponding to the time zone of the computer that runs QAuditor.

Other server software developments include a‘right of access to webQUIK’ filter in QUIK Administrator user reference book and support of data base management systems (DBMS) ‘Microsoft SQL Server 2014’ and ‘Microsoft SQL Server 2016’.