Indian bank takes Reuters to process growing FX volumes
"Derivatives have been our main focus area this year and we find client volumes are surging. There is a lot of interest amongst second-tier corporates in derivatives products," said Mohan Shenoi, treasurer for Kotak Mahindra Bank in Mumbai.
Until now, the bank had used ITMS (Integrated Treasury Management System) by India-based vendor, Synergy Log-In, but chose to deploy Reuters Trade Processing in line with the increasing complexity of its derivatives transactions, which include knock-outs
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