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 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.
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.
backQORT helps to maintain internal documents related to trading operations in a company or bank.
The system provides automatic accrual and writing-off of various commissions based on templates which can be created and customized by a back officer.
backQORT supports a range of service functions to reconcile data with other systems.
One of the major tasks solved by backQORT is report generation. The system can generate regulatory, internal, and client's reports.
There are various ways of integrating backQORT with external systems.
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.
The module of integration with the database of financial instruments and issuers Reference United Data.
The module of integration with the databases of Cbonds group enables to obtain and use data on financial instruments and issuers.
The Bloomberg DataLicense QORT program interface allows to obtain and use information from Bloomberg in the program complex backQORT.
The module of integration with DataScope Select by Refinitiv allows receiving and using reference and market data on financial instruments and issuers.
The Module of integration allows automatic download and update of reference data on issuers, securities serviced.
Extension of the system functionality by means of setting own integration solutions.
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.
The External reports request module allows invoking external procedures for report generation and preparation of printed forms from the backQORT terminal.
The web-services integration module is used for the QORT server interaction with external program applications.
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 backQORT
Additional control of operations, internal reports.
The module is designed for monitoring and managing stock and FX markets risks of clients' and traders' operations and groups thereof.
The derivatives market risk management module provides massive opportunities for addressing risk management issues on the derivatives market online.
The module is used to generate management and analytical reports on any client, trader, desk, and group thereof.
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 is designed for VaR risk assessment.
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.
The Module displays in backQORT actions related to investment advices.
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.
Generation of reports and their sending to NSD Repository and Moscow Exchange.
The ‘Reporting to NSD Repository’ module generates and sends reports on all OTC REPO trades and currency swap trades to NSD Repository.
The Module of OTC trade reporting submitting information on off-exchange trading to the Moscow Exchange.
The APA reporting module serves for sending obligatory reports on OTC trades in accordance with MiFID II requirements.