Taiwan's Hsinchu International Bank (HIB) is installing Reuters' trading and risk management products Kondor+ and Kondor Global Limits to support its foreign exchange and currency dealing operations.
The bank will use the the technology to develop its currency market and foreign exchange business across Taiwan, China and Hong Kong.
Daniel Loh, senior company officer, Reuters Taiwan, says: "This move will ensure that Hsinchu bank will benefit towards compliance with the Basel II Capital Accord as well as global integration with their foreign exchange systems and businesses."
Kondor+ is a real-time position keeping system that manages deals and positions across all instruments. Kondor Global limits consolidates credit limit information and manages data in real-time across all instruments types.