Improvements in QORT products made in February, 2022

17 march 2022

QORT backQORT capQORT

We offer to your attention the main improvements in solutions based on the QORT software platform.

Automated back-office backQORT

For more precise error analysis, there is a possibility to detail values received after calculation of margin indicators.
In the ‘Margin ratio calculator’ dialogue, it has become possible to edit asset prices by using the table in the ‘Changes’ section.

A request to generate a client report can be made by the client in the personal account on the broker’s website. The report will be generated and delivered to the client.
After reupload of limits to QUIK within the day, it is possible to adjust only a leverage for the client. Thus, if the broker’s client passed the unqualified investor test for during the day, it is possible to promptly set a new leverage for that client.

Based on FIX protocol files, REPO trades are imported from the Bloomberg VCON service.

Limits in QUIK:

When generating trading limits in QUIK, it is possible to convert currency by the ‘Asset code’ field.
Following the launch of the trading on the SPB Exchange on weekends, the improvements were made in the functionality to upload limits to QUIK. Now, the limits can be uploaded on weekends just as on the morning of the next working day.

Integration with QUIK:

It has become possible to process continuing GTD orders from the OMS Manager module.

Taxes:

The system allows storing the information on the accrued tax filtered by trades to buy/sell securities.
It is possible to store the information on the tax rate for corporate payments which is transmitted in the R59 report (Euroclear). To do so, a numeric field, ‘Tax rate’, was added in ‘Position non-trade transaction’ and ‘Redemption of securities’ tables of the database.
The table ‘Registry of personal income tax for reporting year by mail rate’ has a new column, ‘Tax-exempt after 5 years’, which allows sorting clients by values.

Other:

On behalf of the client, a broker can submit an application to get IIA investment deduction via API. It is possible to send the generated xml file to the Federal Tax Service (FTS) and then receive the results of the investigation of the application for deduction.

Middle-office of an asset management company capQORT

After reupload of limits to QUIK within the day, it is possible to adjust only a leverage for the client. Thus, if the broker’s client passed the unqualified investor test during the day, it is possible to promptly set a new leverage for that client.

Taxes:

The system allows storing the information on the accrued tax filtered by trades to buy/sell securities.
It is possible to store the information on the tax rate for corporate payments which is transmitted in the R59 report (Euroclear). To do so, a numeric field, ‘Tax rate’, was added in ‘Position non-trade transaction’ and ‘Redemption of securities’ tables of the database.

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