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
[email protected].
