Improvements in QORT products made in February, 2023

15 march 2023

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

Automated back-office backQORT

Assets

  • The back-office supports a new type of trades to execute perpetual futures contracts.

Reconciliation

  • backQORT allows reconciliation with the UN Security Council file ‘List of persons involved in terrorism or proliferation of weapons of mass destruction in accordance with decisions of the UN Security Council’.

Processing Speed

  • Horizontal scaling is supported for some QORT server components (in particular, for the component providing generation of most of reports on the server).

Other

  • To meet the requirements of European regulators, procedures of internal regulation of clients acquired:

— the following fields in the ‘Business partners’ table:

— ‘KYC Regulated’

— ‘KYC Checked’,

— ‘KYC Expiry Date’,

— ‘MiFID Category’,

— ‘Knowledge and Experience’,

— ‘CRS Status’.



— the ‘Compliance and risk data’ report in Excel which can be sent to specified e-mails,

— a functionality to send reminders about forthcoming regular control of clients.

  • There is a new functionality for group recalculation of ‘Volume’, ‘Volume in price currency’, and ‘Currency’ parameters of the second part of REPO trades and interbank loans with a floating rate.

Middle-office of an asset management company capQORT

Assets

  • It has become possible to forward competitive and non-competitive negotiated orders for the PACT auction class.
  • The middle-office supports a new type of trades to execute perpetual futures contracts.

Processing Speed

  • Horizontal scaling is supported for some QORT server components (in particular, for the component providing generation of most of reports on the server).

Instructions

  • It has become possible to forward stop orders of the stop-limit type via the pool order dialogue.

Other

  • There is a new functionality for group recalculation of ‘Volume’, ‘Volume in price currency’, and ‘Currency’ parameters of the second part of REPO trades and interbank loans with a floating rate.

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