New Functionality

Solution

When generating reports with the help of external applications, more parameters now can be chosen in the dropdown dialogue lists (from tables: ‘Sub-accounts and analytic accounts’, ‘Ordinary and synthetic accounts’, ‘Documents’, ‘Assets’, ‘Business partners groups’) including the data backQORT lacks. For example, it is possible to specify certain types of files suitable for the external application to generate reports.

backQORT

There is an option to specify several values of one parameter when generating reports in the external application. For example, to choose several clients from the list for building one summary report.

backQORT

When adding external reports to the system, it has become possible to create dropdown lists in the dialogues for report generation based on the SQL request to the QORT database. Besides that, it is possible to set interconnected dropdown lists. For example, when specifying a subaccount, the user first specifies the client and then chooses one of the client’s subaccounts. These two options can also be used simultaneously.

backQORT

New Functionality

Solution

The module functionality was expanded with the following options:

• when creating a business partner, the ‘Field code in back-office’ is filled in,
• not only data on LIBOR quotes can be uploaded to the system but also EURIBOR and EONIA quotes including data on the current and previous days.

backQORT

When importing data from RU DATA, an additional feature of affiliated legal entities can be downloaded. The system organizes affiliated companies into issuer groups automatically.

capQORT

New Functionality

Solution

An option was added to generate reports to NSD for OTC derivatives market trades without the General agreement.

backQORT

New Functionality

Solution

The ‘Incomes of portfolio’ report now takes into account assets of the ‘Investment unit’ type.

backQORT

New Functionality

Solution

The mechanisms were added for encryption of terminal system files.

backQORT, midQORT

New Functionality

Solution

After a mouse cursor is placed on the table or dialogue field, a tooltip pops up with full information of this field.

backQORT, midQORT

When adding information messages to the broker’s report, it has become possible to exclude clients from the list of recipients separately for each message.

backQORT

The main features of new trading venue sections can be set via the QORT terminal: to create or not to create settlement stages in accordance with planned dates or trade execution dates, to take or not to take account of the current day trades in limits and liabilities of future periods.

backQORT, midQORT

It is possible to make a text comment on a trade when submitting the trade via the terminal.

backQORT, midQORT

When closing the client’s IIA, the securities can be transferred from the IIA to the broker subaccount of this client by using the dialogue form in the system. In this case, when making corrections, all parameters for PIT calculation are filled in automatically.

backQORT

When generating a client report with no particular client or group of clients chosen, a notification appears that forming of reports for all subaccounts may take a long time.

backQORT

The trade parameters combined in groups of the ‘Multi purpose’ type now can be edited. This kind of grouping may be needed to simplify filtering, sorting by group number in the trade table, and transfer data to external systems. Aggregation/netting of calculations for trades of such groups is not available.

backQORT, midQORT

There is an option of flexible filtering the ‘General table of positions’. For this, the functionality of linked tables for the ‘Sub-accounts and analytic accounts table’ and ‘General position table’ was implemented. Now it is possible to choose client positions by arbitrary attributes of sub-accounts using the filter by any attributes of the ‘Sub-accounts and accounts table’ and multiple selection.

backQORT

New Functionality

Solution

The system can generate SWIFT messages to cancel messages previously sent for MT540, MT541, MT542, and MT543 trade types.

backQORT

The operator acquired the possibility to trace the execution status and error diagnostics of SWIFT messages. The information is received in reply MT548 messages and available in the trades table as the last status. Besides that, a SWIFT messages table was added which can be linked to the trades table so that SWIFT messages are displayed only for a chosen trade if two tables are opened simultaneously.

backQORT

New Functionality

Solution

When importing data on assets from QUIK, the asset availability in the system may be checked by ISIN first and then by state registration code (previously, only by short name).

backQORT, midQORT

Orders for rolling over positions are generated with prices and cross rates from the QUIK Broker quotation system.

backQORT, midQORT

Before exporting data from the asset directory to the OMS Manager Module and Broker quotation system, it is now possible to choose assets and view a general list of assets to export.

backQORT, midQORT

Based on the statements from the NCC uploaded to the system in *.xml files, it has become possible to perform non-trade operations for cash depositing.

backQORT

The instructions to change REPO trades can be generated and imported to the system via the Intermediate Database (IDB). Besides that, information about linked trades and trade instructions can also be imported to the system. Such trades will not be taken into account during automatic matching.

backQORT

For ‘Assets’ and ‘Business partners’ directories, there is a mechanism which allows marking some records so that they are not changed when downloading data from Cbonds, RU DATA or QUIK. Such a feature can be uploaded to the system via the IDB.

backQORT, midQORT

For delivery of new instructions from the QUIK Non-Trade Instructions Module, popping-up notifications can be set so that to get the information only about the clients serviced by a specified sales manager.

backQORT

Now the ‘Manually entered price’ field can be filled in via the IDB.

backQORT, midQORT

The accrued interest value (AI) directory is automatically compiled for future dates based on data provided by Moscow Exchange. The data is imported to the system from QUIK.

backQORT

New Functionality

Solution

There is a functionality to accrue and write-off a commission, taking into account a rate which changes over time (for example, taking into account LIBOR). For this purpose, data on the rate for each period day must be downloaded to the system from outside.

backQORT

A commission type was added for opening/closing auction trades.

backQORT

New Functionality

Solution

In accordance with Bank of Russia Ordinance № 4928-U, the system takes account of risk coverage value for clients with standard and high risk level (‘RCV1’, ‘RCV2’) in the calculator for funds sufficiency level selection and in the rules of order preparation for forced closure of client positions. Besides that, these parameters are now displayed in some system tables (‘Portfolio price change report’, ‘Trades’, ‘Corrections’, ‘Security redemption by accounts’).

backQORT, midQORT

New Functionality

Solution

In some operations like ‘Redemption of bonds to Broker account’, ‘Income coupons to Broker account’, ‘Write off from Broker account’, ‘Securities deposit’, ‘Transfer of cash’, it is possible to specify a security with performed payment or conversion.

backQORT

The ‘Rate from repo term’ type can be indicated in the system not only as a trade stage but also as a separate non-trade operation.

backQORT

For the ‘Foreign securities’ asset class a ‘Warrant’ asset type was added.

backQORT, midQORT

New Functionality

Solution

The ‘Report of user's change posts history’ now can be generated by scheduled and saved on the server as a separate file.

backQORT

The system is supplemented with the ‘Report on change in planned balance and liabilities amount for a period’ which allows tracing incurrence of liabilities and their changes. The report is generated in MS Excel.

backQORT

Client reports can be changed with the help of external applications. For example, the report may be signed with a digital signature. In this case, it is possible to invoke the transformation procedure from backQORT with further saving the report locally or sending it by e-mail.

backQORT, midQORT

An option was added to generate OKUD report forms 0420416, 0420417, 0420418, and 0420427 in accordance with the taxonomy of version 3.1. For this purpose, data for each of these forms is created in the *.xlsx file which may be uploaded to the ‘XBRL Questionnaire-editor’ software of Bank of Russia as the ‘Table’ and ‘Presentation/definition’.

backQORT

The position change report now can be generated for several assets simultaneously.

backQORT, midQORT

There is a new report type — ‘Reporting to Association of Forex Dealers’.

backQORT

The ‘Portfolio revenue’ report now takes into account assets of the ‘Investment unit’ type.

midQORT

New Functionality

Solution

In the trade table, the information is displayed about trade instructions linked to this trade.

backQORT

The ‘Register of client instructions’ now contains the date and time of their cancelling/execution.

backQORT

To discover by key phrases the operations which contradict regulatory and current legislation requirements, the system automatically sends to authorized specialists a notification about a suspicious operation if the comment on the non-trade instruction contains a specified key phrase. Previously, this functionality was available only in case of exact match of the comment and the key phrase.

backQORT

If the non-trade instruction performs a technical function (for example, internal transfer, unexecuted order or order by a technical subaccount), it is possible not to send SMS notifications for such an instruction.

backQORT

When generating the ‘Registry of debts for client instructions’ report, there is a possibility to select instructions with a specified status (for example, the ‘Removed by user’ status).

backQORT

For trades different from REPO, the ‘REPO rate’, ‘REPO execution date’ fields may be left empty in the Register of instructions.

backQORT

New Functionality

Solution

The internal risk level now can be specified not only for physical persons but also for legal entities.

backQORT

An option was added to ban OTC-trade generation or its correction via the terminal or IDB, if the asset, issuer or business partner is included in the sanctions list. To do this, the asset, issuer or business partner must be marked with a special feature in the system.

backQORT

With a new trading day, if the client documents contain data different from the data in the broker service agreement, notifications may be sent to clients about the necessity to update personal details. Besides that, such notifications may be automatically sent every six months for clients with a high risk level and once a year for clients with a normal risk level.

backQORT

When controlling business partners by the requirements of Federal Financial Monitoring Service, the following options were added:

• if no information about the business partner is found in the database of invalid passports after its recheck, business partner account restrictions are removed automatically,
• during reconciliation with the invalid passports database a mechanism is available which on the passport expiry day allows automatic sending notifications to clients about the necessity to submit a new document, and adding such clients to a special group of business partners. If after 30 days the client does not submit details of the new passport, their subaccounts are blocked with the client’s further transfer to another partners group,
• there is support of reconciliation with the Taxpayer Identification Number,
• it has become possible to set the check both by partial match of names and their full match.

backQORT

During reconciliations with the list of persons involved in the proliferation of weapons of mass destruction and with the list of persons subject to the Commission decision to freeze the property, the data may be imported to the system in *.xml files or via the IDB. During reconciliation with the list of persons involved in extremist activities, the data may be uploaded to the system using *.xml files.

backQORT

New Functionality

Solution

If QORT lacks an instrument or a certain trading mode during reconciliation with the Moscow Exchange reports, the corresponding information will be contained in the reconciliation report.

backQORT, midQORT

The system enables reconciliation with clearing reports on OTC-trades with EQM2T and EQM3T central counterparty.

backQORT, midQORT

New Functionality

The mechanisms were added for encryption of terminal system files.   

New Functionality

After a mouse cursor is placed on the table or dialogue field, a tooltip pops up with full information of this field.

For new trading venue sections the main features can be set via the QORT terminal: to create or not to create settlement stages in accordance with planned dates or trade execution dates, to take or not to take account of the current day trades in limits and liabilities of future periods. Previously, these options were available only in *.ini files.

It is possible to make a text comment on a trade when submitting the trade via the terminal.

The trade parameters combined in groups of the ‘Multi purpose’ type now can be edited. This kind of grouping may be needed to simplify filtering, sorting by group number in the trade table, and transfer data to external systems. Aggregation/netting of calculations for trades of such groups is not available.

It has become possible to forward orders at the market price. Besides that, it is possible to forbid forwarding orders with the volume which exceeds the specified percentage of a day average turnover in the trading venue section over last 30 days.

New Functionality

During evaluation of available cash, it has become possible to take account of assets in one day bonds without account of assets required for payment of the second part of reverse REPO trades.

New Functionality

When importing data on assets from QUIK, an option is added to check availability of this asset in the system by ISIN first and then by state registration code (previously, only by short name).

Pool REPO orders can be uploaded to the system via the IDB with generation of elementary orders based on the pool ones.

For ‘Assets’ and ‘Business partners’ directories, there is a mechanism which allows marking some records so that they are not changed when downloading data from Cbonds, RU DATA or QUIK. Such a feature can be uploaded to the system via the IDB.

The ‘Manually entered price’ field can be filled in with data imported via the IDB.

The ‘List of limits’ report can be exported via the IDB. This allows uploading to external systems the limit statuses with numeric characteristics for each individual subaccount. This functionality may also be used for autotesting of the limit setting.

New Functionality

A commission type was added for opening/closing auction trades.

New Functionality

If the instruments for limit control are selected by applying logical expressions of the CFI code structure, the regular expression is automatically checked for errors. In case of error detection, the system notifies the user.

The system is able to control limit violations not only for the current or planned position but also for all intermediate dates. This allows, for example, tracing increase in available cash on specified dates to place it in short-term instruments.

‘Zero’ asset prices can be specified in the ‘Portfolio quotes’ table. In this case, the system does not take such a price for an error during the order’s pre-trade control. This is possible, for example, when seizure of a security needs to be indicated.

New Functionality

The position change report now can be generated for several assets simultaneously.

New Functionality

Parameters both for current and planned positions are now shown in the portfolio organizer.

New Functionality

When viewing elementary orders based on the pool one, it is possible to exclude orders with zero asset volume, select several table lines, and also delete some lines. After deleting the lines, asset volume in left lines is not recalculated.

For pool REPO orders, indication of order volume was added. Besides that, the logic was implemented for automatic filling in fields (price, volume, discount) depending on figures stated in other fields.

When generating a pool order, it is possible not to specify the order direction (to buy/to sell) by default.

New Functionality

When using the portfolio rebalancing mechanism, the settlement currency is automatically filled in according to the value in the trading venue section. If the settlement currency is not specified in the section, the value of the instrument price currency is specified as the settlement one.

Any chosen portfolio now can be rebalanced. Previously, rebalancing could be applied only to portfolios marked as ‘model’ or ‘benchmark’.

For the portfolio rebalancing mechanism, it has become possible to choose only those portfolios where the cash share exceeds a specified value. This functionality may be applied to automatic selection of new portfolios or portfolios with additionally deposited cash with further order generation by means of this mechanism.

The users with extended rights acquired an option to generate orders for portfolio rebalancing even in case of limit violations.

When using the portfolio rebalancing mechanism, there is a possibility to specify prices of orders to sell and buy assets before generation of instructions. Previously, the system placed the price automatically. To edit the price, it was necessary to manually select all portfolios with the specified asset.