Nomura signs Reuters' risk deal
17 November 2003 | 4085 views | 0
Nomura has signed a deal with Reuters for the installation of its Kondor+ front office system and Kondor Global Limits, credit risk management system, at its foreign exchange trading desk in London.
The software will link with Nomura's existing Reuters' foreign exchange order management system and currency dealing products, providing integrated deal capture and risk management and real time pre-deal credit limit management. The installation will be completed by April next year.
Norihiko Nishino, head of foreign exchange trading at Nomura, comments: "We have worked hard, in partnership with Reuters, to create this seamless and total solution and we're extremely pleased with the outcome."
Sebastien Roussotte, global head of risk at Reuters, says the deal reaffirms Reuters as a leading player in the field of risk.
"We are offering a total solution that provides advanced trade and risk management functions to our clients," he says. "It's a strategy with obvious business benefits to users of Reuters products."