Published

  • 06:00 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.

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  • 01:00 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.

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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.

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