Published

  • 07:00 am

Joint projects of Thomson Reuters and ARQA Technologies have years of history. Recently ARQA Technologies developed new solutions which are based on Thomson Reuters’ platforms. One of the solutions allows receiving Market Data from international trading venues with minimal delays; another is used for access to Thomson Reuters Spot Matching platform.

ARQA Technologies with support from Thomson Reuters developed a QUIK module which allows receiving real-time Market Datafrom international trading venues supplied by Thomson Reuters (Information interface of TREP-RT system). The interface uses a piece of Thomson Reuters infrastructure - TREP-RT (Thomson Reuters Enterprise Platform for RealTime). Users have access to any level of quotes such as Level I and Level II. If this market data is combined with a FIX-integration of QUIK to a trading platform of an execution broker this may become a fully-functional technology for access to international markets.

Using the same information interface for FOREX market resulted in a QUIK solution for trading through another popular platform – Thomson Reuters Spot Matching.  This trading platform facilitates trades by over 1000 participants – banks dealing in 54 currency-pairs.

‘We are happy to develop mutually beneficial partnership with Thomson Reuters – a leading Market Data vendor and provider of technologies for financial market trading. The interfaces we developed have expanded our range of solutions for trading at international trading venues currently sought by our clients’–said the General Director of ARQA Technologies, Yuri Voronov.

AnreyMaslov, the Technical director of Thomson Reuters pointed out: ‘Many Russian traders now mostly use QUIK software from ARQA Technologies for trading at internal markets. Thanks to the interface implemented with TREP-RTQUIK users may obtain full and reliable information for trading at all principal international venues. Close integration of complimentary solutions is a necessary condition for implementation of modern business processes in electronic trading. Thomson Reuters and ARQA Technologies have completed a successful project which allows their clients to implement most advanced trading strategies’.

ThomsonReuters is a leading provider of analytical information for businesses and professionals. Thorough understanding of industry and employment of innovative technologies allows the company to deliver information for decision-making in finance, legislation, taxation, science and media.

ARQA Technologies is an independent software providerof trading solutions for financial markets. The company offers a range of front-to-backsolutions (front-office QUIK, middle-office midQORT and back-office backQORT) as well as SaaS from its data-centers located in Novosibirsk, Moscow and Kiev. The clients of ARQA Technologies include over 300 banks, investment and asset management companies from different countries. 

Related News

  • 02:00 am
ARQA Technologies has developed a new interface offering customers access to trading on Turquoise Derivatives, an equity derivatives platform operated by London Stock Exchange Group (LSEG).
 
The interface offers features including real-time market data (Level II quotes (5 x 5)), reference data, the ability to forward and cancel a range of order types including standard, Iceberg, GTC and GTD, and the ability to execute trades. It also allows Drop Copying of orders and transactions made by the broker and its clients.
 
The new interface follows the recent launch of services by ARQA Technologies which provide connectivity to LSEG’s London equity markets.
 
Yury Voronov, CEO of ARQA Technologies, said: “Building on the connectivity we already provide to Europe’s largest equity exchange, London Stock Exchange Group, we’re delighted to expand our offering to include access to its derivatives platform as well. Our present and future customers will now be able to benefit from a full suite of products, allowing them to access a broad range of asset classes traded across many of LSEG’s platforms.”
 
The interface facilitates QUIK broker access to the Turquoise Derivatives trading platform, SOLA. It uses the native SOLA Access Information Language (SAIL) protocol for transaction routing, and High Speed Vendor Feed (HSVF) for market data.
 
ARQA Technologies is an independent software provider based in Novosibirsk, Russia. The Company was founded in 2000. Clients of ARQA Technologies include over 300 financial institutions – banks, investment and asset management companies from various countries. The Company offers a range of front-to-back solutions (front office QUIK, middle office midQORT and back office backQORT). The Company provides SaaS based on its data centers located in Novosibirsk, Moscow and Kiev.

Related News

  • 07:00 am

 Software developers from ARQA Technologies added new functions into its current version of LSE interface offering direct access from QUIK platform.

QUIK users can now receive Level II quotes (20 x 20) from LSE as well as information about instruments and trading modes through Reference Data service.

The updated functionality of the interface allows users to register and cancel OTC transactions, employ exchange-enabled functions to cancel orders and use the new order types.

LSE trading interface was developed by ARQA Technologies and certified by LSE in January, 2013 as part of its QUIK platform configuration to offer access to trading on London Stock Exchange.

The interface is built around the FIX protocol – for receiving market data it uses the FIX Fast protocol and for order routing it uses the FIX London Stock Exchange protocol.

As the interface is a part of QUIK platformits operation employsefficient tools of fast pre-trade checks.

Another solution developed earlier by ARQA Technologies - FIX2LSE - provides direct access to trading on London Stock Exchange for external software platforms bypassing the QUIK server (sponsored access).

Based on the Exchange’s API, the FIX2LSE interface is the fastest in the product range of similar solutions (FIX2Markets) by ARQA Technologies. This solution provides all potential users with an opportunity to engage various risk management tools of the QUIK complex including pre-trade control.

Related News

  • Version Control
  • 14.03.2013 07:00 pm
Financial IT/RFPConnect speaks with Pat Carrol, CEO of ValidSoft to find out his professional opinion on recent Europol stats and its policy on fighting cross-border card fraud.

During the interview we highlighted the card fraud issues in banking industry and identified a few tips on how consumers can protect themselves from card fraudsters in 2013.

Other Version Control

  • 12.02.2013 -- 07:00 pm

Other Videos

  • Version Control
  • 11.02.2013 07:00 pm
Version Control spoke with Bernard Tardy, Sales and Marketing Director of SLIB, about the company's SLIB Middle Office for Brokers product.

Bernard, could you please tell us a little about your company?

Our solutions have been helping financial institutions to improve processing of securities for 25 years. By processing, we include securities order and trade, clearing, settlement, custody, online voting prior to General Meetings and risk control. We have 50 clients. About half of these are broker-dealers in France and the UK. Six are globally prominent clearing members. We also work with two of the largest US banks. Our total turnover in 2012 was about 20mln. We are a private company with capital of around 4mln. BNP Paribas and Natixis are our strategic shareholders.

Other Version Control

  • White Papers
  • 10.07.2012 08:00 pm
High-frequency traders and race cars. Aren’t they similar? The “piranhas” of trading venues and racing machines of F1 are the fastest creatures in their respective worlds. Both challenge technology providers and stimulate progress. They shape technology standards of respective industries.

What teams compete in HFT? Can only large and rich companies afford to participate? Winning demands large upfront investments into technologies and people. Cars and pilots are only the tip of the iceberg. There are a lot of support personnel. Race cars do not look like normal cars. They are very specialized and expensive. They also require special driving skills.

The observations are generally true for HFT. But Russia seems an exception at least for now.

Other White Papers

  • White Papers
  • 16.04.2012 08:00 pm
About a year ago ARQA Technologies started to introduce the broad possibilities of pre-trade checks developed within its trading platform QUIK to clients abroad. Numerous Russian and CIS clients as well as Russian subsidiaries of international houses have been using the tools of risk control developed for the QUIK platform for quite some time now.

QUIK as a risk server is a powerful tool working across currencies, instruments, venues and keeping multi-level positions in real time. The versatile system of risk checks relies on a variety of approaches and may be customized to suit particular needs.

The reasons for its sophisticated risk control functions are traced to the history of Russian financial markets. Since mid 90-s trading in the emerging Russian market demanded that brokers be extra precautious and prudent. Brokers made sure that clients had deposited required resources before trading and watched lest the trades went into negative account balances.

Other White Papers

Pages