Uralsib Bank connects to the domestic analogue of the Bloomberg terminal

2023: Move to RuTerminal

Uralsib Bank connected RuTerminal OTC Trading Platform to. The platform developed by the Russian company SoftWell provides the opportunity for traders of market participants to make transactions in the over-the-counter money market in an informative terminal, close in interface and functionality to a similar solution. Bloomberg The need to quickly launch the project was due to the departure of foreign suppliers of technological solutions. This was announced on May 25, 2023 by the company. SoftWelll

The RuTerminal platform provides the main types of transactions: conversion, deposits, including floating rates, purchase and sale of securities, transactions with derivatives financial (interest rate swaps, options). The terminal, for which any browser is enough to operate, provides the trader with all the necessary information on one screen - quotes, positions, deal blotter, portfolio yield calculation, full information about instruments, financial calculators, as well as news feeds Kommersant and the Interfax news agency.

Traders can easily set up terminal desktops for their own convenience using an extensive list of all kinds of widgets.

Connecting to the domestic system has become part of the process of switching from Western technologies to developments from Russia and friendly countries. For example, in the fall of 2022, we transferred dashboards to the Chinese Fine BI analytics and visualization system. When choosing technology providers, we carefully analyze all functionality and reliability. As of May 2023, RuTerminal allows our traders to conduct business on the interbank OTC market in the usual mode, ― said Konstantin Okhapkin, Senior Trader of the Financial Markets Operations Department of BANK URALSIB PJSC.

The chat system built into RuTerminal provides the ability to negotiate in secure simplex or duplex mode, including group ones, and conclude transactions directly from them. After registration, the transaction can be sent online to the bank's back office, clearing house, and also printed on a printer.

With the departure of Bloomberg, many traders continued to work, corresponding in Telegram, which is absolutely unacceptable from the point of view of the security of banks. In developing the platform, we paid a lot of attention to protecting operations. The RuTerminal platform is deployed in the Yandex cloud located in Russia. Thus, all participants received a sanctions-independent tool for working in the OTC market, ― said SoftWell CEO Anatoly Karpov.