International trading system at SPB Broker

dorsum client spb

The ClavisFront system, which is connected online to both the domestic and international stock exchange, was first implemented in Hungary at SPB Befektetési Zrt. In that case, we were cooperating with SPB’s foreign partner, HSBC Bank.


  • Two phases: Budapest Stock Exchange (BSE) and international
  • International trading partner is HSBC
  • BSE phase: January 2011- May 2011
  • International, HSBC trading phase: May 2011-May 2012


  • Implementation of ClavisOMS and Infront Trading Terminal
  • Professional trading terminal
  • Realtime market data from Infront for BSE and international markets
  • Online connection to BSE cash market via K2 server
  • Online connection to HSBC via FIX interface
  • Advanced and transparent order management
  • Real-time limit and collateral management
  • Automatic collateral blocking
  • Online connection with the back office system


  • “Traders can follow the domestic and international markets by using professional trading terminals with technical analysis and international news. A simplified version of the trading platform can be used by the most active retail customers as well.”
  • The online collateral management can be set parallel for BSE and international trades and positions
  • The central ClavisOMS solution can be connected to Home and Mobile platforms, as well
  • The BSE Xetra system transition can be easily managed using the FIX adapter