Reuters last month won a number of Chinese contracts for its Kondor+ suite of risk systems. Bank of Shanghai has signed up to use the Kondor+ position-keeping and desktop analysis system to support its expanded derivatives trading activities. Guangdong Development Bank, a commercial bank in the South China region, has also chosen to use Reuters’ Kondor suite of risk and trade management solutions. The bank will use the Kondor+ front-office system and Kondor Global Limits, the integrated limit, credit and market risk management system. Finally, First Sino Bank, a Chinese joint venture bank, will use Kondor+ and Kondor Global Limits to handle its derivatives transactions. The wins follow the announcement in March of new China Banking Regulatory Commission (CRBC) requirements for tighter regulatory credit controls.

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