BNP Capital Markets, the securities dealing subsidiary of Banque Nationale de Paris, is rolling out Reuters' Kondor+ risk management system to its London-based fixed income traders -- after a year-long delay.
Nicolas Claude, head of front office information systems for BNP's fixed income operations, says Kondor+ had "some problems" at BNP's Paris headquarters.
These problems needed fixing before the risk system could be installed in London, he adds. Kondor+ was initially scheduled to go live a
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