18 August 2017
visit www.avoka.com

Clearstream to host Reuters Kondor+ and global risk platforms

06 June 2006  |  1412 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.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7149 views comments | 18 tweets | 22 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7042 views comments | 21 tweets | 22 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5904 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5726 views comments | 11 tweets | 9 linkedin
hands typing furiouslyA Bitcoin and Blockchain payment system
5533 views 0 | 6 tweets | 2 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job