ARQA Technologies modifies its products in compliance with T+2

ARQA Technologies modifies its products in compliance with T+2
28.06.2013 01:00 am

ARQA Technologies modifies its products in compliance with T+2

Activation of the new trading regime T+2 at the Moscow Exchange (at the main market) in March this year required ARQA Technologies, a leading ISV in automation of operations in Russian financial markets, to modify significantly its software solutions for keeping client positions with deferred settlement.

Implemented modifications cover a wide spectrum of QUIK line software products (a front-end trading platform) as well as software solutions based on QORT platform – middle-office midQORT and back-office backQORT.

A new limitation scheme of keeping a client position for different settlement dates was added to QUIK platform’s main functionality. The scheme allows keeping client obligations for different settlement dates - T0, T1 and T2, as well as building a planned position for these settlement dates and considering operations in different trading modes separately for one client account.

Currently the new limitation scheme is supported by several new versions of company’s software products such as: QUIK server itself, QUIK Workplace and Workplace for risk manager ‘CoLibri’.

Additionally, the new versions of middle-office midQORT and back-office backQORT are now suitable for downloading trades in T+2 regime from a QUIK server. They now form limits for loading them into a QUIK server with due account for deferred settlement dates (T1 and T2).

The new limitation scheme will be supported in other QUIK line software products in the nearest future.

Yury Voronov, CEO of ARQA Technologies, said: “We have always worked in close collaboration with the Moscow Exchange. And we are doing our best to make sure our clients are equipped with effective solutions to catch new trading opportunities provided by the exchange.”

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