24 October 2017
visit www.avoka.com

Clearstream to host Reuters Kondor+ and global risk platforms

06 June 2006  |  1424 views  |  0 Source: Reuters

Reuters and Clearstream Services S.A have agreed to offer Kondor+ and Kondor Global Risk (KGR) trade and risk management solutions for easy access in Europe on an outsourced, rental basis.

The agreement will extend access to Kondor+ and KGR for European financial institutions via an outsourcing facility and an Application Service Provision (ASP) operated and supported by Clearstream and Reuters. Seven hundred European clients already use the Kondor system across 14,000 desktops.

It is the first time that Luxembourg based Clearstream has offered a vendor's financial solution in this way following full accreditation from the Luxembourg ministry of finance as an operator of IT systems and communications. Using Kondor+ via ASP clients can access its technology on a fully hosted basis for use across their organizations.

Andrew White, Reuters global head of risk and trade management, said: "The Kondor+ suite is an important and widely used Trading and Risk management solution across Europe. I believe financial institutions will welcome the chance to get access to it on a fully hosted and managed basis through this agreement between Reuters and Clearstream."

Yves Baguet, Managing Director Clearstream Services added: "This agreement is critical to Clearstream Services. It will enable customers to use Clearstream’s IT environment and services in a cost effective way to support their business goals with minimum limitations. The agreement demonstrates our commitment to bring solutions to the financial services industry."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.niceactimize.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20230 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15430 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11102 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9225 views comments | 15 tweets | 29 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job