Paris – Reuters (RTR:LSE), the global information company, has announced a deal with BNP Paribas for the bank to acquire one hundred Reuters Trade Access positions for its remote Reuters Kondor+ users in Europe and Asia. Reuters Trade Access allows users to use Reuters Kondor+ system from a web browser.
Reuters Kondor+, a front and middle office application, delivers deal capture, pricing of complex instruments, real-time position keeping and risk analysis to individual traders, heads of desk, risk managers and controllers of real-time and end-of day control and exposure management around trading room activity.
Reuters Trade Access has a light and user friendly front-end, with no software installation and, therefore, no maintenance required at the client remote site. The easy to use multi-language web interface allows deals capture, reports, positions keeping, pricing, Microsoft Excel import-export, and integration with the Reuters 3000Xtra desktop. It also means that small trading rooms or branches with minimum local infrastructure do have access, via a web browser, to a leading front office application for Risk and trade management regardless of the network speed.
Sebastien Roussotte, Global Head of Risk at Reuters, comments, "The flexibility that Reuters Trade Access allows for users of Kondor+ is an important part of the approach Reuters is promoting to ensure clients are paying the right price for the right service. The suitability of Reuters Trade Access for BNP Paribas's remote clients is obvious and ensures users are getting the benefit of a leading front office Risk application."
Jerome Dubois, Head of Information Technology Alm Treasury at BNP Paribas, comments, "The key for BNP Paribas was to have a user friendly, web based solution for our remote users giving them access to Kondor+. The system also had to integrate into our existing information systems and have a low support cost. Reuters Trade Access was able to achieve all this giving us a broader view of our front office Risk position across our Treasury business"