ARQA Technologies took part in a discussion about new commodity-based instruments at the derivative market of SPIMEX

8 october 2012

ARQA Technologies took part in a work meeting organized for the benefit of participants of the Saint-Petersburg International Mercantile Exchange (SPIMEX). The meeting devoted to new commodity-based instruments at the derivative market of SPIMEX (settlement and future delivery contracts) was held on October, 4 in Moscow.

The meeting drew the attendance of over 150 people. They included representatives of oil companies (such as Gazprom, Lukoil, Rosneft, TNK-BP), Russian investment and asset management companies and banks (among them Sberbank of Russia, IFK Solid, OTKRITIE, ALOR, RUSS-Invest, OLMA, BCS, KIT Finance, Investment Republican Bank, PROSPECT, Intrust).

ARQA Technologies was represented by a leading specialist of technical support Mikhail Shubin who delivered a presentation “Products of ARQA Technologies for SPIMEX derivative market. He mentioned that ARQA Technologies had been cooperating with SPIMEX from the days when first derivative instruments appeared at the exchange. SPIMEX derivatives market trading interface was developed in 2011 for access to trading at the derivative market through QUIK. Following the tradition of stable cooperation the company has been trying to support all changes happening at the markets of the exchange.

After the implementation of the latest changes programmers of ARQA Technologies developed software for the gateway to the exchange’s clearing system. The software allows brokers to service clients using the techniques of position evaluation and risk control of the clearing system. Alternatively market participants may use a risk control approach that is built into the QUIK server (with a possibility to provide clients with a unified cash position throughout various trading venues).

See the full text of the presentation here (in Russian).

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