Multicolour observations of V404Cyg with ULTRACAM

We present high time-resolution multicolour observations of the quiescent soft Xray transient V404Cyg obtained with ULTRACAM . Superimposed on the secondary star’s ellipsoidal modulation are large flares on timescales of a few hours, as well as several distinct rapid flares on timescales of tens of mins. The rapid flares, most of which show further variability and unresolved peaks, cover shorter timescales than those reported in previous observations. The power density spectrum (PDS) of the 5 s time-resolution data shows a quasi-periodic oscillation (QPO) feature at 0.78mHz (=21.5min). Assuming this periodicity represents the Keplerian period at the transition between the thin and advective disc regions, we determine the transition radius. We discuss the possible origins for the QPO feature in the context of the advectiondominated accretion flow model. We determine the colour of the large flares and find that the i band flux per unit frequency interval is larger than that in the g band. The colour is consistent with optically thin gas with a temperature of ∼8000K arising from a region with an equivalent blackbody radius of at least 2R⊙, which covers 3 percent of the accretion disc’s surface. Our timing and spectral analysis results support the idea that the rapid flares (i.e. the QPO feature) most likely arise from regions near the transition radius.