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REUTERS UNVEILS NEW VERSION OF KONDOR+ FOR GLOBAL TRADING ROUND THE CLOCK

London – Reuters (LSE: RTR; NASDAQ: RTRSY) has announced the upcoming release of Kondor+ 3.0, enhanced to enable round-the-clock trading and global risk management. A new service orientated architecture has also been added to give better performance and easier installation. The new version of Kondor+ will be shown for the first time at the ACI congress in Manila.

This latest version of the widely used Kondor+ system will help users to improve efficiency, cost control and global reach by consolidating databases onto one single data server capable of being hosted from one hub. The version also introduces a higher level of security management to manage access to the system.

Kondor+ is a real-time risk and position keeping system that offers a sophisticated and flexible means of pre-trade analysis, pricing of deals, monitoring and managing risk. Its wide range of tools and functions give up-to-the-second information and analytics allowing users to make informed decisions to manage financial exposure in trading room activities.

The enhancements in version 3.0 also include: global risk reporting through state-of-the-art risk information and analysis and a new global forex position that provides an enhanced real-time view of all foreign exchange related positions. Kondor+ 3.0 also includes a fully re-designed repo module that now covers different flavours of repos (including tri-party repos) from international market standards to country-specific practices.

All of these have been wrapped in a new set of on screen graphics offering features such as zooming, custom manipulation and 3D rotation in a new more user-friendly display.

Andrew White, Global Head of trade and Risk Management Solutions said: “Kondor+ 3.0 has been radically redesigned to give our clients greatly improved usability within a more sophisticated graphics package. More than ever Kondor+ is the leading front to back office solution.”