Development of sophisticated risk management and liquidity management system for arbitrage trading on the Russian financial markets (Russian equities, FX, derivatives) in partnership with Russian brokers. Development of risk management and position management system for high frequency trading on both Russian and International markets.

Defining the risk policy for the NP RTS Association group, including the exchange, the clearinghouse and the bank. Development of a risk management system for the clearinghouse for unified calculation of risks for the aggregate stocks, futures and options position with full pre-trade control.

Development of a risk management system for the National Clearing Centre for derivatives risks calculation with full pre-trade control.

Development of a risk management system for the FORTS (RTS exchange derivatives market) for calculation of risks for the futures and options markets with full pre-trade control. Development and implementation of a new algorithm for implied volatility calculation.Development and implementation of numerous modifications to options risk management, including new algorithm for deep out of the money options.