International Banking Systems (IBS) UK, in its Annual Sales League Table 2007, revealed on February 28 2008 in London that Reuters Kondor+ Trade Processing has been ranked the no. 1 wholesale back-office banking application for the second year in a row.
The application was also voted no. 2 across all other categories in terms of the number of new client wins for 2007. Reuters Kondor+ Trade Processing had a very successful year, with 25 new deals in 2007 and Reuters expects to keep up the pace in 2008. The application was also voted no. 2 across all other categories in terms of the number of new client wins for 2007. Reuters Kondor+ Trade Processing had a successful year, with 25 new deals in 2007.
Reuters Kondor+ Trade Processing automates the trade process, providing full straight-through processing (STP) from front to back office and from deal capture to accounting. It includes tools for processing, delivery, confirmations, payments, reconciliation and accounting across all instruments.
“Reuters is delighted to be recognised again as the leader of back-office solutions for wholesale banking. We strive to exceed client expectations and this achievement demonstrates our commitment to empowering our clients to capitalise on a fast-paced and complex market,” says Andrew White, global head of Reuters Trade and Risk Management.