Reuters has signed eight clients to its Kondor+ trading and risk management product suite as the demand for adequate automation and risk management services grows in the face of continuing regulation. The deals strengthen Reuters’ Trade and Risk Management business across Europe.
Clients include Montepio, a commercial bank in Portugal that has signed up for the whole suite of Kondor+ products, and Gruppo Banca Carige, the Italy-based banking group that has opted for the Kondor+ front and middle office platform across all asset classes.
Fastnet Luxembourg, which is owned by the Crdit Agricole and Fortis groups, has implemented Reuters Kondor+ to support its fund administration operations, while BCEE, Luxembourg’s state-owned bank and a long term user of the core Kondor suite is extending its implementation to cover interest and liquidity risks.
Banca Della Marche, an Italian regional bank has chosen the Kondor+ front to back office platform for its derivatives functionality and full front to back workflow.
Raiffeisen Landesbank Tirol, a regional banking group based in Austria has adopted the Kondor+ front office solution and is also implementing the middle office risk management solution, while Raiffeisen Landesbank Steiermark in Austria has extended Kondor+ into the back office to enhance the business through improvements in trade processing and operational efficiencies.
Finally, Raiffeisenlandesbank Niederoesterreich-Wien, also based in Austria, has extended Kondor+ into the back office for foreign exchange, money markets and derivatives.