Progress Software’s ObjectStore unit has provided the underlying distributed access and caching software for the Reuters Kondor Global Limits system, a credit limit information and management system that forms part of Reuters’ Kondor risk product suite. Around 2,000 KGL users relies on data access from ObjectStore’s EdgeXtend system for better response times and faster transaction rates. KGL is an enterprisewide solution that consolidates credit limit information and manages it across a variety of financial instruments, providing a range of functions, including credit limit availability checks, automated regulatory reports and the ability to set global and local credit limits. The data access layer for KGL was designed, tested and deployed using ObjectStore EdgeXtend’s patented caching technique.

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