TrustManager is a terminal module designed to help a trust manager perform similar trading operations for several clients’ accounts in the stock and derivatives markets, and monitor associated positions.
- Grouping the accounts, browsing individual and total assets for groups of clients.
- Entering orders and stop orders of various types for a group of clients, distribute orders among accounts in proportion to clients’ assets or to weigh coefficients assigned to each client in the group.
- Possibility of participating in auctions by using group addressed orders.
- Entering special orders to close a short position or close a position in derivatives market.
- Replacing and killing an order or stop order for a specific client or group of clients.
- Grouping the instruments. Setting and managing the limits on the share of assets of a selected group in the portfolio of a specific client or in the portfolios of the clients from a specific group.
- Dynamic re-evaluation of the assets in the clients' accounts, and total value of portfolios.
- Dynamic import of transactions from a file.
- Using the pools of orders imported from a text file.
- Using the margin lending for group orders.
- Dynamic data export from tables to a DDE server.
The broker can also connect several TrustManager modules to one server and provide modules to sub-brokers.
- Grouping the clients. QUIK system defines client positions for securities and cash assets, and for margin lending limits. Client positions can be obtained from the accounting system (back office) of the broker by loading limits from a file. Once the client positions are defined in QUIK, they will be available in TrustManager.
In TrustManager, client codes (or clients' trading accounts in case of the derivatives market) are organised into client groups, each of which corresponds to a certain trust management strategy. Total group assets can be viewed in special tables, it is also possible to view assets broken by clients or instruments.Groups of clients are defined separately for operations in stock and derivatives markets. That is because clients’ positions in the stock market are managed by QUIK server, and positions in the derivatives market are directly managed by the exchange trading system.
- Group orders. Group orders are used to simultaneously perform trading for a group of clients' accounts. A group order specifies the total order volume for the entire group. To process the group order, its volume is divided into several individual orders in proportion to the share of the assets of each client in the group's assets. In buy orders, such assets are cash assets, in sell orders these are securities or instruments of the derivatives market.TrustManager supports margin lending for group orders, and provides special orders to close short positions in stock market, and to close positions in the derivatives market. The status of a group order is displayed in the Group orders table. The status of an individual order from a group order can be viewed in the Orders in group order table. The results of the request to enter or kill an order, and confirmation that the request was executed are displayed in the Message window of TrustManager.
- Group conditional orders. Working with group conditional (stop) orders is similar to working with group orders. A group stop order is divided into several individual stop orders, and execution of these stop orders is controlled by the QUIK server The orders in the exchange trading system that are created after execution of a group stop order are grouped into one group order.
- Managing share of assets in the portfolio. There is a possibility of automatic control over the share of a group of instruments in the total assets of the client or group of clients, by using limits. The limits can be upper limits or lower limits (no more or no less than a certain percentage) and can serve as an additional condition for distribution of a group order: if the order volume exceeds the limit, the volume is automatically reduced to an acceptable level or such order can be cancelled. The compliance of the current client's assets with the limits is checked on a predefined periodic basis. In case the limits are exceeded, a warning is displayed in the Limit violation window.
- Export and import of data. Data from most of the tables in TrustManager can be exported to MS Excel in real time, for further processing in custom formulas and macro.
Entry and cancellation of group orders can be performed by the broker’s mechanical trading system that interacts with TrustManager using dynamic import of transactions from a file.
Hardware and software requirements
The computer must meet requirements for the QUIK Workstation.
Additionally, installed MS Access 2000 (or newer) with ODBC-drivers is required.
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