Reuters reports Asia Pacific Kondor+ contracts

Reuters reports Asia Pacific Kondor+ contracts

UK vendor Reuters is reporting five deals with banks in Asia Pacific for its Kondor+ trade and risk management product suite.

The vendor says Metropolitan Bank and Trust (Metrobank), Korea Exchange Bank, Bank of East Asia (Shanghai) and an unnamed Hong Kong-based bank have joined New South Wales Treasury Corporation (TCorp) in signing license deals for Kondor+ in the first quarter of the year.

Philippines-based Metrobank is using Reuters technology to implement a centralised market risk system to meet requirements set by the country's central bank.

Bank of East Asia has signed a contract with Reuters to extend its existing Kondor implementation at its Hong Kong head office to a new trading room in Shanghai as part of a move into mainland China.

Reuters says Korea Exchange Bank is upgrading to the latest version of Kondor+ 3.0 for its front office and the implementation includs a number of new modules for derivatives trading, structured products and risk management.

Additionally, an existing Hong Kong-based client has chosen Reuters to consult on a backup disaster recovery service for its Kondor applications.

TCorp recently signed a deal Reuter's Kondor+ and intergrated middle and back office modules to support trade and risk management operations. The firm is replacing its existing systems with Kondor+ to provide deal capture, risk management and straight through processing across all asset classes, integrated with Kondor Global Risk for pre-trade credit limit management.

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