Improvements in QORT products made in March, 2022

8 april 2022

We offer to your attention the main improvements in solutions based on the QORT software platform.

Automated back-office backQORT

Spot Market Risk Management module:

  • It has become possible to use a value from the Limit calculation library of QUIK as a ratio to calculate the minimum margin.
  • The date and time of expiration of own discounts can be set in the table of the same name.
  • There is an expanded functionality to transfer cash liabilities on the FX market by SWAP trades. Now the orders can be generated by schedule and for a group of currencies at once.
  • During selection of positions to make records of the table of orders to close client positions with a discount model, it is additionally checked for the FX market whether the order’s payment account is the FX market account.

NSD information services integration module:

  • There is a possibility to download the information on dividend payments from NSD and to make records in the table ‘History of redemption/payment on securities’ based on this information.

APA reporting module:

  • SFT and SFT ReUse reports were brought in compliance with the xcd scheme of 19 July 2021 that came into force on 31 January 2022.
  • Obligatory APA reports on OTC trades with bonds are generated in accordance with MiFID II requirements.

Investment Advices:

  • The ‘Investment advices’ command, which allows keeping track of investment advices, was added on the Dictionaries menu.

Commissions:

  • It has become possible to create commission stages for trades on the basis of previously canceled stages.

Processing of Instructions:

  • There is an optimized functionality to link instructions to operations made on the basis of client instructions: a number of tables were renamed; some buttons of the tables were added/renamed.

Reconciliation:

  • A possibility was added for reconciliation with mon*.csv exchange reports for non-working days, which allows editing the ‘Collateral’ parameter for non-working days in the automatic mode. The file received on the working day preceding the weekends is used as a report for reconciliation.
  • During the reconciliation ‘QUIK: Extended order correction based on QUIK transaction file (xml)’, it is possible to process a new type of transactions – ‘Order amendment’.

Reports:

  • The report on per trade commissions has the ‘Currency’ field which displays the commission currency.
  • In accordance with the taxonomy 4.2 of the Bank of Russia, the report form OKUD 0420418 (xbrl) now has the Section 4 which provides information on investment advices.

Other:

  • There is an option to generate printed forms of client documents to the template relevant on the generation date (available for some types of documents).
  • Data on all anonymous trades from QUIK for post-factum calculation of margin indicators can be uploaded to QORT if there is a special setting. Otherwise they will not be uploaded, which will allow reducing the database size and accelerating upload of server components.

Middle-office of an asset management company capQORT

Commissions:

  • It is possible to edit a commission for calculation of available cash and take account of the commission when forwarding a pool order.

Restrictions:

  • Securities (except cash) bought and sold by the first REPO leverage can be excluded from calculation of the restriction.
  • There is a possibility to promptly receive an e-mail notification with the information on a number of days before expiration of the portfolio restriction.

Limits:

  • It is possible to postpone deletion of data on limits at the start of the QUIK server. A special setting allows deleting data on limits in QORT, which were not received from QUIK, only after receipt of a notification from QUIK on upload of all limits.

Other:

  • Data on all anonymous trades from QUIK for post-factum calculation of margin indicators can be uploaded to QORT if there is a special setting. Otherwise they will not be uploaded, which will allow reducing the database size and accelerating upload of server components.
  • It has become possible to filter a list of assets available in dialogues of REPO orders.

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