What is Zerich Capital Management?
JSC “ZERICH Capital Management” is one of the oldest investment companies of Russia. The company was founded in 1993. Today they offer to our customers the full range of investment services in the financial markets. At the end of 2011 the company won the award “Financial Olympus” in nomination «The largest broker: Potential and Prospects».
It is a part of Zerich Financial Group, which provides the best range of financial and investment services to corporate and private clients. The Group is based mostly in Russia and includes companies engaged in commercial and investment banking, brokerage, asset management and insurance.
Why was project initiated?
The initial request was to find modern and convenient platform for trading, which includes a wide range of functionality — HFT, intraday, risk-management and advanced technical analysis. JSC “ZERICH Capital Management” has requested independent software suppliers to provide solutions with modern graphical user interface and using FIX protocol. It allows including third-party extensions and increases flexibility of the solution.
Why CoFiTe as a partner?
The analysis performed on various vendor solutions clearly showed advantages of CoFiTe’s experience in development and customization of software for brokerage companies. The final decision had been made after considering trading platform LiveTrade Professional with its internal interfaces in FIX and the company’s long-term partnership with Top10 players in the Russian financial market. Among CoFiTe’s partners are — Moscow Energy Exchange, MICEX, BrokerCreditService JSC, IT Invest, «FINAM», «KIT Finance», «ALOR Broker» and others. The co-founders of CoFiTe include Skolkovo Fund, Russian Venture Capital Company.
How long was the project?
The project was initiated in December 2010. In June 2012 the trading platform LiveTrade™ Professional was successfully launched into production.
What was the scope of the project?
The project includes full implementation of trading platform LiveTrade™ Professional, front-office LiveTrade™ BrokerServer, LiveTrade™ Scalping plug-in and direct native connector to stock exchanges LiveTrade™ ScalpingDirect. Also there was done a lot of development of interfaces using FIX-protocol with Broker’s third-party systems. Education of Zerich employees has been started in parallel with implementation and tests. Complete on-line guides, video-tours and advanced documentation were provided.
What were the results?
- LiveTrade Professional fully fits requirements made by Zerich team for the trading platform and front-office. It’s complete solution for retail brokerage in Russia.
- More than 10% of active clients moved to LiveTrade™ Professional during first month.
- CoFiTe’s Support Line helps users from the start point.
“Our partnership with Cognitive Finance Technologies team had been started two years ago. We were included in all processes during the project and kept in touch with developers. The new platform LiveTrade Professional has a lot of advantages — user-friendly interface, best functionality for all types of traders — HFT, algorithm traders, beginners who is just starting his way into the stock market. Then we were not surprised when the company “CoFiTe” became a resident of Skolkovo — fund supporting innovative companies in Russia. The new trading platform is not just a collection of the best ideas of existing traders and technologists, is an ambitious proposal for the development of competition in the area of the terminal for on-line trading. We wish good luck to our partner and are pleased that our customers are the first ones using advantages of LiveTrade Professional.”