TECHNOLOGY -- Reuters wins in risk management

Sebastien Roussotte, global head of risk at Reuters, said the award comes in recognition of "major enhancements and investment we made to our risk portfolio this year."

In 2003, the firm unveiled a new version of its flagship risk management solution Kondor+. "Within this version comes an ‘Open Trade’ capability that provides users the flexibility to integrate third party and proprietary systems, including tailor-made modelling systems," said Roussotte.

The firm also signed a deal with Numerix, an analytics benchmark for cross-asset derivatives, which strengthened instrument coverage on Kondor+.