Hong Kong-listed Wing Hang Bank has signed an agreement with Reuters to provide a front office trade capture and risk management system as well as a back office trade processing system across its treasury business in Greater China.
Wing Hang Bank, which has about 40 branches in Hong Kong, Macau and China, will use Kondor+ and Reuters Trade Processing (RTP) for deal capture, position keeping and risk management across a wide range of products including foreign exchange, money market and derivatives. All instruments will be processed via the same integrated solution.
Reuters recently sold the Kondor+, RTP combo to KAS Bank in the Netherlands. The news and information group says deals like these point to growing demand from banks for more integration between the front and back office.