Reuters Kondor+ Trade Processing from Thomson Reuters has retained its position as the number one wholesale back-office banking tool for the third consecutive year according to International Banking Systems (IBS) Annual Sales League Awards for 2008.
Thomson Reuters recorded 19 new Kondor+ Trade Processing deals in 2008, and expects the trend to continue into 2009 as customers seek to consolidate their trading platforms in a difficult economic environment.
Kondor+ Trade Processing (K+ TP) is the back office module of the Kondor+ Front-to -Back Suite. K+TP automates the trade process, providing complete straight through processing, from deal capture to accounting. The application allows customers to manage all of their global trading activities in real time on a single flexible and extensible platform.
This award acknowledges that customers are seeking to consolidate on modern, back-office platforms that are efficient, implemented quickly, tightly integrated with the front office, and offer true end to-end automation, says Andrew White, global head of Risk Management, Thomson Reuters.
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