Reuters opens financial risk research lab in China

Source: Reuters

Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company and Tsinghua School of Economics and Management today officially open a new financial risk research laboratory.

As a result Tsinghua University will be able to provide Reuters Kondor+ risk management and premium desktop Reuters 3000 Xtra financial information terminals to its School of Economics and Management.

To mark the occasion Reuters Chairman, Niall FitzGerald, will deliver a keynote address to students in his capacity as a member of the advisory board of Tsinghua’s School of Economics and Management.

The Laboratory will be affiliated with the China Center for Financial Research, a facility for demonstrating the future of enterprise-wide, risk management solutions in the financial markets. It will allow students to learn and apply the most advanced models to a variety of simulated market risks and “live” derivatives trading situations, using Reuters Kondor+, live data feeds and real-time quotes.

Under the agreement, Reuters will be awarding three Executive MBA scholarships to students at Tsinghua University over two years.

Professor He Jiankun, Tsinghua Vice-president and the Dean of Tsinghua School of Economics and Management, said: "With the training that they receive at this research lab, Tsinghua University students will be prepared to operate at the highest levels of the financial markets in China and around the world. Thanks to the support of Reuters, students will have access to the leading financial information service, analytics and risk management capabilities in the world. Reuters services set the standard for transparency, compliance and reliability."

Alex Hungate, Managing Director, Reuters Asia, said: "We are proud to support Tsinghua School of Economics and Management’s mission to educate China’s future top financial professionals. This Laboratory is not simply a research centre, but a fully functional workshop environment where students can experience risk management using the same tools that they will use when they graduate to work in the financial markets. Reuters has a long term commitment to China and is prepared to invest in training to help accelerate the development of its financial markets."

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