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Kookmin Bank: Kookmin Bank of Korea has signed up for trading and risk management software from Toronto-based Algorithmics and the New York-based Frustum Group (Derivatives Engineering & Technology, July 21).
The bank will install Algorithmics' Riskwatch risk management engine in its middle office and Frustum's Opics application suite in its front and back offices.
The Riskwatch and Opics installations are part of a wider global risk management and trading initiative at Kookmin. The bank recently
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