ING to Use Kondor+ Exclusively

RISK MANAGEMENT TECHNOLOGIES

LONDON—Dutch Bank ING has begun to provide Reuters Kondor+ to its end-users within its global Financial Markets organization, a majority of these end-users being traders, officials says.

Kondor+ allows ING to use a single vendor for its risk management activities, in a bid to lower the cost and risk for the firm, according to ING officials. Jérôme Cardon, ING's head of Financial Markets IT, says he believes that ING can achieve 30 percent cost reductions in front-office operations by switchin

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