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Tuesday, 11.05.2021 20:54
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Ukrainian Exchange launches a tender for procurement of a new trading and clearing platform

Joint-Stock Company "Ukrainian Exchange" has developed requirements for new software supporting on-exchange trading operations including derivatives clearing and is ready to receive proposals from software vendors.

"Since the very beginning 10 years ago our stock exchange has been using the software that still covers demand of Ukrainian financial market for many years forward, but due to political reasons we have to switch to another platform, – tells Aleksei Sukhorukov, Business Development Director at Ukrainian Exchange, – I believe that state-of-the-art trading technology is the major driver of the local investment industry development, but in the current situation ‘time to market’ is one of the key issues we have to consider".

The most important functional requirements to a new platform include the following:

  • Order-driven trading in shares, bonds, futures and options;
  • Risk management based on 100%-prefunding with on-line calculation of trading limits on securities market;
  • Risk management with on-line margining on derivatives market;
  • Support of addressed orders for negotiated bilateral trade execution;
  • Support of repo trades on the securities market;
  • API for direct market access and connectivity with brokerage trading systems;
  • Capability to handle at least 1500 orders per second;
  • Scalable architecture;
  • Interoperability with external CCP / clearing entities for securities;
  • CCP and clearing functions for derivatives.

To receive the detailed RFP with qualification criteria and other requirements for vendors please e-mail Aleksei Sukhorukov at as@ux.ua.

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