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Moving towards the “West”

Moving towards the “West”. Danil Baburin , head of QUIK development. arqa.ru. arqa.ru. Delivery plan. « Iron curtain » is falling ARQA is already there Where’s the money ?. arqa.ru. « The iron curtain » has fallen. Russia is a WTO member Central depository

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Moving towards the “West”

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  1. Moving towards the “West” Danil Baburin, head ofQUIK development arqa.ru

  2. arqa.ru Delivery plan • «Iron curtain» is falling • ARQA is already there • Where’s the money ?

  3. arqa.ru «The iron curtain» has fallen • Russia is a WTO member • Central depository • Access to the internal marketEuroclear/Clearstream • ADR turnover atLSEexceeds the turnoverof the spot market of the Moscow Exchange

  4. arqa.ru QUIK - already there • Universal architecture • Market neutral • Multi asset

  5. arqa.ru Developing access to western markets • Integration with data vendors • Order routing • Direct access to exchanges

  6. arqa.ru Integration with data vendors Advantage: Assistance in solvinginfrastructureandorganizationtasksof obtaining market data Selection criteria: 1.High quality instrument reference book 2.Fast delivery of high quality market data

  7. arqa.ru Integration with data vendors Features: • 1.Highly specializeddata vendors • 2. Not ready to supply market data into widely used systems • 3.Several coding systems for financial instruments 4.Additional compliance checks for orders routed to western markets 5.Requirements for speed of market data delivery

  8. arqa.ru Expanding horizons 2012 projects: • Chi-X Europe • LSE • NYSE • NASDAQ • AMEX • CME/CBOT • NASDAQ OMX (Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, Vilnius) • Singapore Exchange

  9. arqa.ru Order routing FIX program interface

  10. arqa.ru Direct access to exchanges 2012 projects: 1.Trading interfaceLSE 2.Trading interface UTP WSE Infrastructure: The mostefficientin terms of latency and scope of tasks

  11. arqa.ru Trading interface LSE Reference Data- FTP Trading interfaceLSE LSE Market Data - FIX FAST: Level 1 Level 2 Replay Recovery QUIK server Trading Gateways - FIX protocol Drop Copy - FIX protocol OTBD – FIX protocol

  12. arqa.ru Trading interfaceFIX2LSE FIX2LSE LSE Reference Data- FTP FIX protocol Native – TCP HFT robot

  13. arqa.ru Trading interface UTP WSE Trading interfaceUTP WSE UTP WSE Market Data- UTP protocol Retransmission – UTP protocol Refresh – UTP protocol Trading - BINARY protocol QUIK server Drop Copy - BINARY protocol

  14. arqa.ru QORT is going to bethere

  15. arqa.ru “Western” tariffs • Reboot of tariffs policy • “Western” direction – high margin business • Boutique modelVS Retail model

  16. arqa.ru Unified cash position General approach: Risk management – paid-for servicefor client Advantages of UCP: Allows making transactionswithvarious types of collateral,brings collateral down

  17. arqa.ru HFT arbitrage Arbitrage– lowmarketrisk Adequaterisk management – larger positionswithout greater marketrisk Arbitrage players– opportunityto buy speed

  18. arqa.ru Customized risk models » Client does moretrading Exchange and broker get more commissions » Client saves moneyon funding, reducescost of operation and complexity of algorithms Efficiency improves

  19. arqa.ru Looking broader: speed and quality Operator LSE FIX2LSE Native API FIX HFT robot yes/no • 250mcsexchange roundtrip per transaction Trading interfaceLSE Drop Copy& Market Data • 20-30mcs additional latency Co-Location QUIK server • no fat fingers

  20. arqa.ru Looking broader: services are available UTP

  21. arqa.ru Instead of conclusion Competition– forcethat leads toefficiency, higherqualityandspeed favors the fittest Synergy– ourbusiness formatthat helps us achieveambitious goals

  22. arqa.ru Thank you for attention!

  23. arqa.ru Contacts Consulting and testing +7 (383) 219-16-19sales@arqa.ru Technical support +7 (383) 219-16-06support@quik.ru+7 (383) 219-16-99support@qort.ru

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