Wing Hang signs China risk systems deal with Reuters

Wing Hang will use Kondor+ and Reuters Trade Processing for deal capture, position keeping and risk management across a wide range of products, including foreign exchange, money markets and derivatives. All instruments will be processed via the same integrated solution.

Wing Hang chose Reuters as it offers an open and modular system that should help the bank streamline its business and stay ahead of changes in financial markets and regulatory policy, said Wing Hang assistant general manager Tommy Lee.

"The banking industry is facing increasing competition and pressures to focus on trade efficiencies and risk management,” he added.

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