London – Reuters, the global information provider, has today announced a deal to provide its Kondor+ front office system and Kondor Global Limits, its credit risk management system, to Nomura. The two products will be installed into Nomura’s Foreign Exchange Trading desk in London in order to facilitate the growth of Nomura’s global FX network. Reuters replaces the previous incumbent.

Reuters Kondor+ and Kondor Global Limits will provide Nomura with a seamless integration with its existing Reuters Foreign Exchange order management system and foreign exchange dealing products. As a result it will have a total foreign exchange risk solution with state-of-the-art deal capture and risk management and real time pre-deal credit limit management.

Norihiko Nishino, Head of Foreign Exchange Trading at Nomura, comments, “With Reuters Kondor+ and Global Limits we have a best of breed risk and trade management system that can be integrated with our Foreign Exchange order management system and foreign exchange dealing products. We have worked hard, in partnership with Reuters, to create this seamless and total solution and we’re extremely pleased with the outcome.”

Sebastien Roussotte, Global Head of Risk at Reuters, comments, “Working with key clients like Nomura reaffirms Reuters as a leading player in the field of risk. We are offering a total solution that provides advanced trade and risk management functions to our clients. It's a strategy with obvious business benefits to users of Reuters products.”

The installation will be complete by the end of quarter one, 2004.

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