EGAR TECHNOLOGY IN THE ALFA-BANK: 10 YEARS OPERATING EGAR FOCUS, SYSTEM OF TRADING AND FINANCIAL RISK MANAGEMENT

EGAR Technology summarizes more than 10-year period of technological partnership with Alfa-bank, one of the permanent leaders of Russian bank market, in the field of development of IT-solutions of the automation of merchandising operations on the financial markets.

EGAR Technology signed the first contract with Alfa-bank in 2000 and in 2001 started the industrial operation of EGAR Focus system, which enables the automation of investment bank units’ work on the securities market and currency market.

Currently, the last baseline of EGAR Focus platform, implemented by EGAR Technology in Alfa-bank in 2009, provides a real-time support of its own as well as client’s bank operations on the stock, bond and FX markets, including those with unique Russian instruments. Moreover, the solution supports a wide range of derivatives, futures and options on futures, stock options, and American and European indexes, fixed and open forwards, deposits and credits; interest swaps and CDS are at the implementation stage. System enables the realization of marginal operations of the derivative financial instruments and other off-balance contracts, provides an opportunity for the clients to use a web-cabinet.

A new version of EGAR Focus system is distinguished by higher performance figures, reduced response time and significantly increased account generation rate. Also other technological capabilities of trading platform got the further development – in the integration field, including those on the IBM WebSphere service bus, flexibility and ergonomics of user’s interface received a new quality.

Member of the board and director of the “Informational technologies” block of Alfa-bank, Sergey Mednov marks: “During 10 years of operation EGAR Focus system endured a large number of changes, which affected its architecture as well as functional capabilities. This solution managed to develop dynamically together with Alfa-bank’s IT-infrastructure, scale itself and enhance its productiveness, providing the development of geography, new organizational approaches, volumes and the complexity of bank’s investment activity.”

Alfa-bank’s debt securities and derivatives managing director, Simon Vine adds: “During the whole period of partnership with EGAR Technology we worked out a distinct mechanism of interaction with its design team, which worked without failures during the whole decade and passed the test of the most complex situations, that the market can offer us.”

EGAR Technology CEO Gennadiy Ioffe emphasizes: “Alfa-bank is one of our oldest clients in Russia. I would like to express my gratitude to dozens of traders, risk-managers, technical experts and, certainly, to the Alfa-bank’s heads of department, who enriched our design experience in an invaluable way, defying to a large extent the lines of the development of EGAR Focus platform and its success on the Russian market.”

EGAR Focus is an integrated solution, with the help of which the appraisal of financial instruments, position monitoring, calculation of profit and loss, limits control and risk managing are carried out. The system supports almost all the existing financial instruments, including derivative, trade operation’s input and procession on the exchange market as well as on the inter-bank financial markets.

About Alfa-bank

Alfa-bank was founded in 1990. Alfa-bank is a universal bank, which carries out all the main types of bank operations, represented on the market of financial services, including private and corporate clients servicing, investment banking, trade financing and assets management.

Alfa-bank is the largest private Russian bank by the assets value, equity, loan portfolio and customer bills. According to the data of financial accounting (IFRS) regarding the results of the first half of 2011, total assets of the Alfa-bank’s banking group, which includes OJSC “Alfa-bank”, subsidiary banks and financial companies, totaled to USD 31.5 billion, aggregate capital – to USD 3.5 billion, aggregate loan portfolio – USD 21.4 billion. Half-year net profit totaled to USD 275 million.

As of the 1^st of September 2011 nearly 48 thousands of corporate clients and 5.7 million individuals are served in the Alfa-bank. 442 bank departments and branches were opened in Moscow, in Russian regions and abroad, including the subsidiary bank in the Netherlands and financial subsidiary companies in the USA, Great Britain and in Cyprus.