The Reuters solution was rolled out in September 2007 and integrated with Zenith Capitalâs existing platform. Martin Orji, MD Nex-Rubica Group, says implementation of the Kondor suite in one of the foremost African banks is a milestone event for Investment Banking in the continent. âI am pleased to see the Nigerian Capital Markets make another significant leap. This platform and operational build in Zenith Capital will allow for an African institution to structure, price and issue financial instruments in the global OTC market and on local and foreign exchanges. With this the bank will now fulfil various MIFID, SOX and Basel II compliant rulesâ.
China Onyemelukwe, Managing Director/CEO, Zenith Capital, adds: âOur partnership with Nex-Rubica Advisory on this project I can summarise in a few words â a quick win. With this platform and framework we are poised to operate and collaborate with other global players - generating and sustaining significant growth in volumes of new and existing debt and equity products and at the same rationalising operating costsâ.
Reuters' Kondor+ is a real-time position keeping system that allows users to manage deals and positions across all instruments. Kondor Value at Risk delivers high-end analysis and a global view on both market and credit risk. Kondor Trade Processing is a multi-entity system, designed to provide the back office with tools providing increased automation and effective risk management.