QUIK Matching Engine

QUIK Matching Engine is a module of QUIK software complex, a trading core for quick matching of orders forwarded via QUIK terminals or QUIK FIX interfaces.

Module Functions

Client order registration.
Order matching and trade execution.

Operating Principle

The system works with assets, investment units, bonds, FX and derivative instruments.
The system supports limit and market order processing.
Trading is carried out in the anonymous trading mode according to the double counter auction rules, with a possibility to establish closing and opening trading periods.
Primary placement and redemption auctions are available for bonds and shares. Each auction includes a period of collecting orders from participants and a period of forwarding an order from an issuer.
For bonds, the Switch auction is available, which supports placement of bonds with simultaneous buyback of same issuer’s bonds from another issue.*

* the QUIK server configuration requires an Access license for switch auctions via QUIK Matching Engine

Client position control, authorization, limitation and order parameters control are performed at the QUIK server level in accordance with standard models. The QUIK server’s Unified cash position module for spot and derivatives markets enables client’s position keeping in derivatives trading.
The module allows configuration of several matching cores for simultaneous matching of different instruments. A separate instrument group is assigned for each matching core. Matching orders for instruments from different groups is performed independently and simultaneously.

Performance

Prior to commissioning of QME, the load testing was carried out on the basis of the HP ProLiant DL360p Gen8 server platform with the QUIK server installed on a separate hardware platform. The tests showed that such a software-hardware complex is able to process more than 5000 transactions per second per one financial instrument with execution time of one transaction less than 200 microseconds. The average delay of data distribution is less than 500 microseconds. The specified latency also includes all infrastructure delays when data is transmitted between QME and the QUIK server.

Hardware and Software Requirements

Hardware	Software
Processor Intel Xeon Gold 5118 or better, 4 GB RAM, 50 GB available hard disk space.	OS Windows Server 2012/2016/2019/2022 (x64), Astra Linux 1.7.4 (Voronezh). DBMS Microsoft SQL Server 2012/2014/2016/2017/2019/2022, Postgres Pro 13/14/15 (Standard, Enterprise) for OS Astra Linux.

Hardware

Software

Processor Intel Xeon Gold 5118 or better,

4 GB RAM,

50 GB available hard disk space.

OS Windows Server 2012/2016/2019/2022 (x64), Astra Linux 1.7.4 (Voronezh).

DBMS Microsoft SQL Server 2012/2014/2016/2017/2019/2022, Postgres Pro 13/14/15 (Standard, Enterprise) for OS Astra Linux.

The indicated hardware and software requirements are minimal. With sufficient resources the interface can be installed on one PC with the QUIK server. For additional information, please contact QUIK Technical Support.

Use Options

Purchase	Managed services / System backup	Hosting	Testing