backQORT

An automated back office that provides automation of accounting operations, document management and preparation of various reports of an investment company or bank: regulatory, client's and internal reports on the results of transactions in financial markets.

backQORT may be used as an operation back office working along with the main back office of an investment company or bank. In this case, backQORT performs the following functions: preparation of client's daily reports and reports for the regulator, calculation of personal income tax for a given period, calculation of commission fees, preparation of trade limits for front office systems, while the main back office prepares “labour-intensive,” non-urgent types of reports.

Main Features

Structure of Accounts

backQORT relies on the unique internal structure of accounts represented by the pair sub-account/personal account. Sub-accounts and personal accounts can be grouped to form analytical and virtual accounts, respectively.

Position Management

backQORT allows for online calculation, monitoring and control of positions for all trade and non-trade operations with financial instruments of a company or bank and their clients.

Document Workflow

backQORT helps to maintain internal documents related to trading operations in a company or bank.

Commission Calculation

The system provides automatic accrual and writing-off of various commissions based on templates which can be created and customized by a back officer.

Reconciliation

backQORT supports a range of service functions to reconcile data with other systems.

Reporting

One of the major tasks solved by backQORT is to generate reports. The system can generate regulatory, internal and client's reports.

Integration

There are two methods for integrating backQORT with external systems.

Additional Modules

Spot Market Risk Management

The module is designed for monitoring and managing stock and FX markets risks of clients' and traders' operations and groups thereof.

Derivatives Market Risk Management

The derivatives market risk management module provides massive opportunities for addressing risk management issues on the derivatives market online.

Management Reporting Module

The module is used to generate management and analytical reports on any client, trader, desk, and group thereof.

Reporting to the NSD Repository

The “Reporting to NSD Repository” module built based on the QORT software platform.

FIX Integration

The module of FIX integration is designed for interaction between the QORT server and external software platforms by means of FIX protocol and uploading the received information to the QORT server.

VaR-analysis Module

VaR-analysis Module is designed for VaR risk assessment.

Module of integration with RU DATA

The module of integration with the database of financial instruments and issuers Reference United Data.

Module of integration with Cbonds Database

The module of integration with the databases of Cbonds group enables to obtain and use data on financial instruments and issuers.

Module of OTC trade reporting

The Module of OTC trade reporting submitting information on off-exchange trading to the Moscow Exchange.

Bloomberg DataLicense QORT Program Interface

The Bloomberg DataLicense QORT program interface allows to obtain and use information from Bloomberg in the program complex backQORT.

Bloomberg VCON drop copy QORT program interface

Bloomberg VCON drop copy QORT program interface allows uploading backQORT with the data on executed trades from the Bloomberg database. The data is transmitted via FIX protocol by BLOOMBERG PROFESSIONAL® service.

Module of monitoring non-standard operations

The Module is designed to discover trades and non-trade operations with traits of unusual operations and exchange orders/trades conforming to market abuse manifestations.

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