backQORT

QORT software platform
backQORT

backQORT: An automated back office that provides automation of accounting operations, document management and preparation of various reports of an investment company or bank: regulatory, client's and internal reports on the results of transactions in financial markets.

backQORT may be used as an operation back office working along with the main back office of an investment company or bank. In this case, backQORT performs the following functions: preparation of client's daily reports and reports for the regulator, calculation of personal income tax for a given period, calculation of commission fees, preparation of trade limits for front office systems, while the main back office prepares ‘labour-intensive’, non-urgent types of reports.

Main Features

Structure of Accounts

backQORT relies on the unique internal structure of accounts represented by the pair sub-account/personal account. Sub-accounts and personal accounts can be grouped to form analytical and virtual accounts, respectively.

Position Management

backQORT allows for online calculation, monitoring and control of positions for all trade and non-trade operations with financial instruments of a company or bank and their clients.

Document Workflow

backQORT helps to maintain internal documents related to trading operations in a company or bank.

Commission Calculation

The system provides automatic accrual and writing-off of various commissions based on templates which can be created and customized by a back officer.

Reconciliation

backQORT supports a range of service functions to reconcile data with other systems.

Reporting

One of the major tasks solved by backQORT is report generation. The system can generate regulatory, internal, and client's reports.

Integration

There are various ways of integrating backQORT with external systems.

Client Instructions Accounting

backQORT allows accounting trade and non-trade instructions of clients based on the Bank of Russia Regulation.

News and market data modules

Reference and market data delivery.

Module of integration with RU DATA

The module of integration with the database of financial instruments and issuers Reference United Data.

Module of integration with Cbonds Database

The module of integration with the databases of Cbonds group enables to obtain and use data on financial instruments and issuers.

Bloomberg DataLicense QORT program interface

The Bloomberg DataLicense QORT program interface allows to obtain and use information from Bloomberg in the program complex backQORT.

Module of integration with DataScope Select

The module of integration with DataScope Select by Refinitiv allows receiving and using reference and market data on financial instruments and issuers.

NSD information services integration module

The Module of integration allows automatic download and update of reference data on issuers, securities serviced.

Integration modules

Extension of the system functionality by means of setting own integration solutions.

Bloomberg VCON drop copy QORT program interface

Bloomberg VCON drop copy QORT program interface allows uploading backQORT with the data on executed trades from the Bloomberg database. The data is transmitted via FIX protocol by BLOOMBERG PROFESSIONAL® service.

External reports request module

The External reports request module allows invoking external procedures for report generation and preparation of printed forms from the backQORT terminal.

Web-services integration module

The web-services integration module is used for the QORT server interaction with external program applications.

Data model extension module

The Data model extension module independently adds data in the system and allows creating new tables and additional fields in existing backQORT tables.

Service modules

Additional control of operations, internal reports.

Spot Market Risk Management

The module is designed for monitoring and managing stock and FX markets risks of clients' and traders' operations and groups thereof.

Derivatives Market Risk Management

The derivatives market risk management module provides massive opportunities for addressing risk management issues on the derivatives market online.

Management Reporting Module

The module is used to generate management and analytical reports on any client, trader, desk, and group thereof.

Specialized agent’s workstation

The specialized agent’s workstation is designed for installation out of the company’s or bank’s office and has limited rights to view and input data.

VaR-analysis Module

VaR-analysis Module is designed for VaR risk assessment.

Module of monitoring non-standard operations

The Module is designed to discover trades and non-trade operations with characteristics of unusual operations and exchange orders/trades conforming to market abuse manifestations.

Investment advice bookkeeping module

The Module displays in backQORT actions related to investment advices.

Payment position control module

The Module allows staff members of a treasury to create and edit bank’s requirements to support instant liquidity with different currencies and value dates for the bank’s own subaccounts.

Reporting modules

Generation of reports and their sending to NSD Repository and Moscow Exchange.