Kotak Installs Reuters Kondor Platforms
TRADING FLOOR TECHNOLOGIES
BOMBAY—India's Kotak Mahindra Bank has installed Reuters' Kondor+ risk management and Kondor Trade Processing software to support its burgeoning derivatives trading business.
The trade processing application will support the bank's currency swaps, bullion trades, interest rate swaps, foreign exchange (FX) options, and structured product trading activities and has been integrated with the Kondor+, which bank officials have been using since February 2003.
Mohan Shenoi, treasurer at Kotak Mahindra
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