Alor Broker transferred the back office to the Turbo X platform with the help of TB Corporation

2022: Transition of the back office to the Turbo X platform for processing client orders

Russian broker ALOR BROKER has transferred the processes of its back office to the high-performance TURBO X platform for processing client orders, which made it possible to significantly speed up this process. The project executor is TB Corporation, a partner of TURBO, the developer of which is Consist of Business Group (part of the LANIT group). This was announced on January 17, 2023 by the Lanit group.

ALOR BROKER has been using the Turbo Broker solution (Turbo Backofis module) on the TURBO platform of TB Corporation to manage the back office since 2013. The system tracks all complex and often changing algorithms of securities turnover, regularly recalculates the results of trading online, calculates the cost and commission for operations, personal income tax, provides reports to customers and the regulator. Since 2018, the ALOR Depository (Turbo Depository module) has also been operating at TURBO. The program carries out re-registration and quantitative accounting of securities and allows you to work with all the necessary types of depository operations.

In 2022, when the number of customer orders held in the open period and provided in a retrospective report to the regulator, reached 2 billion, and up to 9 million applications a day began to pass through the back office, It was decided to switch to a more productive version of the TURBO platform - TURBO X. This allowed the daily calculation of the cost of securities at an average of 20 minutes, which is faster than on the previous version. The number of orders for storage can now be increased tenfold.

The Turbo Broker solution (Turbo Backofis module) on the TURBO X platform in ALOR BROKER keeps records of all types of transactions for all types of securities and derivatives financial in Russian and foreign markets according to the requirements of, Bank of Russia calculates the value of securities, dozens of types of commissions, groups by data client for accounting, generates reports for Bank Russia both customers, uploads limits trade to the system and calculates personal income tax for operations on stock market (Turbo Personal Income Tax module).

Within the framework of the depository, there is an online exchange with the back office information on income, interaction with the client's office, reconciliation and exchange of data with higher depositories, downloading data from exchanges MICEX and, SPB calculating and calculating commissions, personal income tax on income, compliance with the conditions, FATCA XBRL reporting, requirements of the Bank of Russia, processing requests. CEC Information about clients' securities can be obtained in the context of places of storage, sections, accounts, history of movements. Online download of information on securities from Rudata Interfax (module "Turbo RUDATA).

Up to 9 million orders of 50,000 existing customers pass through the system at TURBO X a day, 500 of which are actively trading. More than 300 robotic programs on TURBO X perform scheduler tasks daily, automatically downloading information from sources, importing files from the exchange, calculating cost and calculating fees, sending reports. The users of the system are employees of the back office, depository, traders, client department and accounting. 

Working in the stock market imposes strict obligations to do everything on time, quickly, without mistakes and failures. We have 50,000 customers and the company values each of them. With the transition to another version of the TURBO X platform, the efficiency of services has reached a fundamentally different level, noted Natalia Shumkina, head of the back office of ALOR BROKER.

The main task of the Turbo Broker solution is to regularly, almost online, recalculate the results of trading in order to understand the state of the asset and not go into negative territory. Transactions during the day are held from trading terminals and at the end of the day are supplemented with files with trading results, said Alexander Osovik, General Director of TB.Korporia.

TURBO X is a software platform that is great for implementing high-tech applications. The solutions of the vendor and partners on TURBO X are an excellent choice for migration from foreign business systems working with a large amount of data and operations, commented Vladimir Tarasenko, Commercial Director of Consyst Business Group.