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backQORT
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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.
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.
Module of integration with API NSD
The Module of integration with API NSD 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 of report generation from the backQORT terminal and importing a generated report to the system.
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.
Reporting modules
Generation of reports and their sending to NSD Repository and Moscow Exchange.
Reporting to NSD Repository
The “Reporting to NSD Repository” module built based on the QORT software platform.
Module of OTC trade reporting
The Module of OTC trade reporting submitting information on off-exchange trading to the Moscow Exchange.