Bond Profile in QUIK terminal: ARQA Technologies and Interfax Provide QDealing Users with Expanded Bond Market Data

ARQA Technologies and the Interfax Group have entered into a cooperation agreement. QDealing service users now have a comprehensive bond profile in the QUIK workstation: exchange parameters of issuers are now supplemented with reference data from the RUDATA database on the bond market.

What Has Been Done

Until now, the QUIK terminal displayed only the security information provided by the exchange. The information was sufficient to submit an order but insufficient to understand the parameters of the issuer itself. For further details, users had to consult third-party information systems, issuance documentation, and disclosure websites.

QUIK now generates a detailed instrument profile for each bond, including coupon formula, terms of circulation and early redemption, coupon schedule for the entire term, issue details, and attributes defining the security type and trading restrictions. ARQA Technologies determined the content of transmitted data based on requests from QDealing users – the profile includes what market participants identified as most in demand in their daily work.

The main advantage of the innovation is that all expanded information about the instrument is available in the trading terminal, next to chats, quotes, and orders, and can be opened with a single click.

Who Benefits

Traders and sales on the OTC market: to assess the parameters and structure of the issue upon receiving a quote, right inside the terminal, saving time searching for information in other systems.

Client-facing teams: to promptly determine which investor categories can be offered a security and on what terms.

Teams supporting trades and corporate events: to track offer dates and the execution of call options, and to clarify by whom securities should be submitted for redemption.

Analysts and risk managers: to use a single data source to assess the issue and the eligibility of the bond as collateral.

Asset managers: to select bonds for portfolios and plan cash flows based on the coupon schedule and early redemption terms.

Comments

Roman Anokhin, General Director of ARQA Technologies:

"We are developing QDealing based on user requests, and they work primarily with the bond market. The speed of obtaining reference data on an instrument directly affects the speed and accuracy of decisions on OTC trades. Integration with the RUDATA database from Interfax has enabled us to give market participants a comprehensive bond profile in the QUIK trading terminal, where counterparty search and trade execution take place, without having to waste time switching to third-party services."

Anatoliy Chernov, Director of Product Development for Interfax Group’s RUDATA Project:

"Reference data is most useful when available at the moment a decision is made. Cooperation with ARQA Technologies allows us to provide our bond market data directly in the trading terminal of professional participants."

Access

Expanded bond information is available only to QDealing users. For details about the service and connection, please contact the Sales and Marketing Department of ARQA Technologies: +7 (383) 219-16-19, sales@arqatech.com.