NSD and ARQA Technologies complete integration of Mutual Fund Distribution Platform with QUIK

27 november 2018

National Settlement Depository (NSD), Russia’s central securities depository, and ARQA Technologies have successfully completed the process of integration of NSD’s centralized system for record keeping of mutual fund units (Mutual Fund Distribution Platform) with QUIK software (electronic trading system), allowing investors to conduct transactions with mutual fund units on the primary market. Currently, 20 market participants are connected to the Mutual Fund Distribution Platform.

The integration solution provides clients of brokers (nominee holders) with an access to collective investment market. The solution’s open architecture provides for carrying out transactions and unifying interactions between brokers, asset management companies, and specialized depositories/registrars.

The Mutual Fund Distribution Platform provides higher reliability of transactions by reducing operational risks for all parties; it contributes to the decrease of the workload on brokerage companies’ back offices through expedited processing of instructions.   

Moreover, brokerage companies may use the service of centralized record keeping of mutual fund units and get an access to the full information of instruction statuses.

Investors now may use QUIK software for generating and submitting orders to make transaction with mutual fund units, conducting a pre-trade monitoring of backing the bids for purchase/sale/exchange of mutual fund units, receiving information on balances, open positions, and monetary revaluation of the securities portfolio, and monitoring related orders’ statuses.

'NSD’s goal is to create universal conditions and infrastructure of remote sales. This requires the unification of formats and standards of data exchange, and the better transparency with regard to information disclosure.” Our joint solution will let all the participants to conduct operations actively, and the collective investment market will find an additional instrument for investments,' said Denis Buryakov, Managing Director for Depository Operations, NSD, commenting on the product launch.

'Integration implemented within the framework of the joint project allows professional participants to provide their clients with an access to a new class of instruments based on the standard servicing technologies. In particular, there is an option to buy mutual fund units via a unified broker account,' stated Vladimir Kurlyandchik, Business Development Director, ARQA Technologies.

'We see the great interest of our clients in investing in mutual funds, so of course we expect that the joint project of NSD and ARQA will be successful, as it will facilitate the process of delivering a product from an asset management company to the end client. The new service provided via QUIK, the electronic trading system known to many investors, reduces the number of mandatory bilateral procedures for interacting with asset management companies and automatically performs all functions related to securities settlements,' added Alexander Lesnov, Director for Development, KIT-Finance.

'One of key advantages of this service is that it is an additional channel for remote sales of mutual fund units.       Our clients with brokerage accounts now may use this unique and high quality service when purchasing mutual fund units directly via the QUIK trading terminal,' pointed out Sevinch Ipatova, Deputy General Director for Operations, TRANSFINGROUP Asset Management Company.

About National Settlement Depository

National Settlement Depository (NSD), a part of the Moscow Exchange Group, is the central securities depository* of the Russian Federation.

NSD was founded 27 June 1996. The Bank of Russia recognized NSD as a systemically important central securities depository, settlement depository, and repository. The NSD payment system has the status of a systemically and nationally important system.

NSD offers a wide range of services to its clients, including depository services, cash and settlement services, OTC transaction registration (repository services), information services, collateral management services, and technological services.

As Russia's national numbering agency and the substitute numbering agency for the CIS, NSD is authorized to assign international ISIN, CFI and FISN codes. NSD has the status of a Local Operating Unit (LOU), which allows it to assign Legal Entity Identifiers (LEIs) to corporate clients.

The Bank of Russia has assigned NSD the status of an operator of the NSD Payment System (registered name).

NSD settles on-exchange trades and conducts a major part of OTC settlements; it services Russian and foreign securities. Currently, NSD has accounts with central securities depositories and international settlement and clearing centers of eight countries, as well as correspondent accounts with major foreign and Russian banks. NSD services securities issued by companies representing more than 40 countries.

For additional information about NSD please visit www.nsd.ru/en.

* The central securities depository status was assigned to NSD by the Russian Federal Financial Markets Services’ Order №12-2761/PZ-I (dated 6 November 2012). NSD holds professional securities market participant license №045-12042-000100 for depository operations issued by the Russian Federal Financial Markets Services (19 February 2009), license №3294 for banking operations issued by the Central Bank of the Russian Federation (4 August 2016), license №045-00004-000010 for clearing activities issued by the Russian Federal Financial Markets Services (20 December 2012), and license №045-01 for repository operations issued by the Bank of Russia (28 December 2016).

About ARQA Technologies

ARQA Technologies is an ISV. The core business of the company is development, implementation and maintenance of program solutions that automate operations of financial institutions on financial markets. Among clients of ARQA Technologies there are about 300 banks, sell- and buy-side companies. The company has points of presence in Novosibirsk, Moscow, and London.

The official website of the company – www.arqatech.com.

Media contacts:

Sofia Abdrazakova

Head of Media Relations


T: +7 (495) 956-27-90, add. 4267

M: +7 906 725-63-95

E: Abdrazakova.SK@nsd.ru

Media contacts:

Ilya Prokopenko

Deputy Director, Sales & Marketing

ARQA Technologies

Т: +7 (383) 219-16-78

Е: sales@arqatech.com

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