| Developers: | Sberbank |
| Date of the premiere of the system: | 2016 |
| Last Release Date: | 2024/08/06 |
| Branches: | Trade |
| Technology: | Trade Automation Systems |
Content |
SberCIB Terminal (formerly Sberbank Markets) is a specialized online trading system for accessing currency and money market instruments, developed for corporate and institutional clients of Sberbank.
2024: Opportunity to leverage interbank foreign exchange market liquidity
Banks got the opportunity to use interbank liquidity foreign exchange market in SberCIB Terminal. This service will help participants carry out conversion operations in conditions limited opportunities on the exchange. Sberbank announced this on August 6, 2024.
Banks can now self-bid and purchase currency and monitor the execution of orders in the new section of SberCIB Terminal for interbank conversion ― SberPOOL. It is already accumulating in it liquidity not only of Sberbank, but also of other market participants, and all applications are displayed in impersonal mode.
Transactions at SberCIB Terminal give banks flexible management open currency position and liquidity. At the same time, Sber, like an anchor a market maker with a sufficient amount of liquidity performs counterparty for all concluded transactions.
{{quote 'author = said Alexander Zozulya, Director, Global Markets Department Sberbank. | Volatility remains in the foreign exchange market. Participants adapt to of the new reality, when most of the currency exchange operations pass to the OTC market. Updated functionality SberCIB Terminal provided banks access to foreign currency liquidity not only of Sberbank, but also of others market participants to more effectively conduct conversion operations. This is another step to stabilize the financial market and strengthen financial security of the country,}}
2023: Availability of Interest Rate Derivatives Quotations for the Interbank Market
Sberbank provided financial institutions with quotes for interest-bearing PFIs for the interbank market. They are available on SberCIB Terminal - its own platform for making deals in financial markets online. The company announced this on April 12, 2023.
In recent years, during the period of rapid development Russian of the PFI market, Sberbank has modeled many derivatives options for filling the market with liquidity. With the departure from Russia Bloomberg Refinitiv and financial institutions, there was an urgent need to obtain quotations for derivative instruments. Traders had to interview counterparties about prices for interest-bearing derivatives by phone or, e-mail as the availability of trade and information terminals declined sharply. This problem is designed to solve the SberCIB Terminal system, which provides Sberbank prices.
Шаблон:Quote 'author = said Alexander Zozulya, Director of Sberbank's Global Markets Department.
2022: The emergence of analytical materials
Sberbank October 27, 2022 announced the expansion of the capabilities of trade its SberCIB Terminal platform for legal customers - individuals, supplementing the wide range of traded products with its own regular expertise. Analytical materials from the SberCIB Investment Research team and daily trading reviews in the areas of Commodity, Funding and FX appeared on the platform. Previously, similar ones data were published only on those who left Russia the services and. Bloomberg Refinitiv
In addition, users can receive personal indicative rates and rates on the platform, and banks can place deposits under interbank lending agreements. Also, a chat for Sberbank to communicate with customers will work on the platform.
 | Sberbank responds quickly to changes and always acts in the interests of customers, ensuring the reliability and manufacturability of its solutions. I am sure that our channel for communication and broadcasting of financial expertise will be in demand and will bring practical benefits to the business. We will continue to develop our platform: soon customers will be able to negotiate on it, digitize and confirm transactions in the chat and conduct settlements through an external central counterparty, "said Alexander Zozulya, Director of the Global Markets Department of Sberbank. |  |
2019
The number of users of the Sberbank Markets platform increased by 25% since the beginning of the year
- More than 3,100 of the largest corporate clients and financial institutions are users of the Sberbank Markets platform.
- More than 500 users joined the Sberbank Markets platform in six months.
- The number of transactions carried out on the platform during the month increased 1.5 times.
Sberbank Markets customers are large companies that are actively entering into transactions in the financial markets. The platform allows you to simplify the management of currency risks and liquidity of the company and keep abreast of the latest market events online. Since the beginning of the year, in addition to the classic instruments of the foreign exchange market, platform users have become available to transactions with precious metals on impersonal metal accounts, as well as agreement on individual conditions for placing deposits and NSOs for up to 3 years.
Connection to Refinitiv TN service
July 24, 2019 Sberbank announced the expansion of cooperation Refinitiv (formerly Thomson Reuters' F&R unit) with and connection to the service Refinitiv TN (Refinitiv Trade Notification, ранее TRTN – Thomson Reuters Trade Notification) for automatic processing of currency transactions on the Sberbank Markets platform. Thanks to the Trade Notification service, Sberbank Markets users will get a simple platform solution integration trade with their accounting systems already connected to Refinitiv TN/TRTN.
When using Refinitiv TN, the client does not need to manually generate information or configure the export of data on transactions concluded in the Sberbank Markets system - all data will automatically enter the user's accounting systems in a convenient format (FIX, XML, TOF). Access to this service for Sberbank customers is provided free of charge.
| | The use of TRTN complements the existing capabilities of automation of the post-trade process on the Sberbank Markets platform, providing Sberbank customers with an increased level of transparency and operational efficiency. 'said Andrey Shemetov, Vice President of Sberbank, Head of Global Markets Department '
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| | We always strive to offer banks and financial institutions the best solutions that meet constantly growing industry standards and customer demands. The connection of the Sberbank Markets platform to the TRTN service is the next stage in the development of our partnership with Sberbank, aimed at improving technologies and improving the quality of trading opportunities, | |
Availability of TWAP algorithmic order
On April 18, 2019, Sberbank announced that users of the Sberbank Markets platform received access to the TWAP algorithmic order (abbreviated from time-weighted average price), which evenly distributes the purchase or sale of currency over time and actually executes the application at the average rate in the platform for the specified time range. Sberbank customers will be able to use algorithmic orders to conclude conversion transactions.
The TWAP algorithm was the first in a set of algorithmic orders that the bank plans to provide to customers for currency transactions. Such orders will allow Sberbank clients to manage their foreign exchange position with an increased level of automation, control and transparency.
The user can see the progress of his request in real time and, if necessary, withdraw the outstanding balance. The use of this algorithm allows you to automate the client's foreign exchange transactions if it is necessary to conduct transactions at the average rate for the period, or to bring the rates for concluding transactions closer to public benchmarks, for example, rates. CENTRAL BANK RUSSIAN FEDERATION Previously, this trading algorithm was only available inside the bank.
| | author '= Andrey Shemetov, Vice President of Sberbank, Head of Global Markets Department ' Following global trends, Sberbank has made it possible to execute orders using robotic algorithms. Algorithmic orders are widely used by corporations and financial institutions in international markets, and now they are available to Sberbank customers. | |
Algorithmic orders are trading orders, the execution of which takes place according to a previously known algorithm, without human participation. All that is required from the client when submitting an order is to specify the values of the algorithm parameters.
Settlement Conversion Transactions
According to the information for February 2019, the system allows real-time conversion transactions with settlements for today (TOD), tomorrow (TOM) and the day after tomorrow (SP) in more than 30 currency pairs, conclude transactions with currency forwards and swaps, and agree on the terms of placement of funds. The system provides extensive opportunities for centralizing holding operations, supports group and limit requests, price schedules, news feeds and allows you to configure online alerts about transactions, market rates and other events.
Launch chatbot
On February 1, 2019, Sberbank"" announced integration and began public testing chat boat in the online support interface of trade the Sberbank Markets electronic system.
According to Sberbank, at the first stage of integration, the main task of the chatbot will be to consult customers on frequently asked questions about working at Sberbank Markets. In the future, the functions of the chatbot will be expanded: it will be able to notify users about the course of trading and the settlement process, and in the future will allow you to conclude transactions on different classes of assets with bank clients directly in the format of negotiations in. chat
The chatbot operates on the basis of the NLP platform (Natural Language Processing) developed by Sberbank, which is able to process the natural language and conduct a dialogue with the client. A chat module in the sales terminal is connected to the NLP platform. To work with a chatbot, it is enough for the Sberbank Markets user to send a question in the message window of the sales terminal. At the same time, the user does not need to separately adapt the commands for working with the chat bot: the system interprets the phrase and provides the optimal answer, asks for clarification or transfers to the operator if the question is not in the knowledge base, which is constantly updated, the developer noted.
Sberbank Markets chatbot was developed by Sberbank together with technology partner ARQA Technologies, which provided support for the functionality of the chatbot at the infrastructure and interface levels.
| | "Robotization of typical client support processes is one of the main trends in service technologies. Chatbots allow us to automate many customer interaction processes, which in turn will receive answers to the most common questions almost instantly and quickly solve the main problems with Sberbank Markets support. Such solutions have long been used in various Sberbank products, the Sberbank Markets system will feature a generation of chat bots created by us together with ARQA Technologies, taking into account our accumulated experience in digital service. " | |
| | "Work on the implementation of the chatbot functionality in Sberbank Markets required refinement of a number of components of the FX Dealing System software, with the help of which the merchant terminal of the Sberbank Markets system was implemented. The joint work of our organizations allows us to timely provide clients of the bank with modern functionality for working in the foreign exchange market. " Vladimir Kurlyandchik, Development Director of ARQA Technologies | |
FX Dealing is a software solution from ARQA Technologies for organizing access of bank or broker clients to foreign exchange market tools. A feature of the system is its modularity, which allows you to use different functionality depending on the tasks of a particular project (a modern trading terminal for end customers, quoting synthetic currency pairs, aggregation and internalization of liquidity, using an individual spread for various tools and client groups, etc.), noted in ARQA Technologies.
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