REUTERS ENHANCES KONDOR+ RISK MANAGEMENT SYSTEM; SIGNS AGREEMENT WITH NUMERIX FOR SOPHISTICATED DERIVATIVE LIBRARIES

Paris - Reuters (LSE: RTR), the global information company, today unveiled a
significantly enhanced version of Kondor+, its flagship risk management
system. Today at the 8th annual Risk Europe conference held at Le CNIT in
Paris, Reuters launched Kondor+ featuring an 'Open Trade' capability, that
provides users the flexibility to integrate third party and proprietary
systems, including tailor-made modelling systems.

As part of the enhanced Kondor+ featuring Open Trade, Reuters also announced
that it signed an agreement with the leading analytics benchmark for
cross-asset derivatives, NumeriX. As a recognised leader for highly complex
financial instrument pricing, the NumeriX libraries can be used to
strengthen Kondor+ instrument coverage, offering risk market professionals
broader instrument coverage from exotic fixed income, equity and credit
derivatives to vanilla assets, all in one risk position keeping system.

Craig Bouchard, CEO, NumeriX said, "The weakness of most trading systems is
the inability to properly handle cross-asset derivative transactions. By
embedding the finest NumeriX proprietary technology in the Kondor + system
we believe Reuters has gained a competitive advantage in the global
marketplace. As the markets change, we expect to continuously upgrade the
derivative instrument coverage of Kondor+."

Reuters Kondor+ (version 2.6) features include:
- Open Trade extends the capability of Kondor+ to include
pricing, capturing and processing any type of instrument - offering a unique
and flexible way of covering all deal types. Open Trade has a builder and
API module to allow for designing tailor products, accessing proprietary
products and integrating third party financial libraries - such as NumeriX.
- The ASP deployment capability enables global banks to better
manage their multi-entity trading operations, including management of user
access rights across user groups to improve control; enhanced efficiencies
of batched jobs; sharing all static data across the trading entities to
avoid duplication; improved evaluation procedures to provide local and
global end of day P&L reporting; amongst others.
- The credit derivatives module has been extended and improved
and provides a full market standard model.
- Following recent enhancements covering Emerging Markets and
Asia, the latest release of Kondor+ includes comprehensive coverage of Latin
American risk requirements and in particular meets the latest Brazilian
regulatory standards (e.g. Brady Bonds, Brazilian yield curves, PTAX
management, and others).

Mike Whitaker, Managing Director, Trade and Risk Management, Reuters, said,
"This announcement underscores Reuters commitment to innovation in the risk
and trade management market and follows recent announcements made to improve
our global limits coverage. These investments support Reuters work in
providing a comprehensive, integrated, front to back risk and trade
management portfolio. "

The developments to Reuters Kondor+ follows last month's announcement in
which Reuters revealed that Santander Central Hispano of Spain and
Landesbank Schleswig-Holstein of Germany have selected the latest Reuters
Kondor Global Limits, a comprehensive real-time, global credit risk
management tool.

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