Tech briefs

Bank of East Asia takes Kondor

The Bank of East Asia has selected Reuters to supply its Kondor risk management systems for its 50-person treasury trading desk in Hong Kong. The bank will go live with Kondor+ for trading, Kondor Trade Processing for settlement, risk management system Kondor Global Limits and Kondor Value at Risk, in September, said Peter Moylan, Reuters sales director for North Asia.

Kay-cheung Chan, deputy chief executive of Bank of East Asia in Hong Kong, said the adoption of