Thomson Reuters Tops Asia Risk Technology Rankings For A Second Year In A Row
Hong Kong – Thomson Reuters today announced that it has retained its leading position as the number one trading and risk management solution provider according to Asia Risk’s technology rankings for 2009.
Thomson Reuters garnered strong support for its risk management solutions across the region as financial institutions adapt, innovate and optimize operations in this fast moving financial market place. In Asia alone, over the past 12 months, Thomson Reuters has signed 26 Kondor+ Suite contracts, spanning all countries and all technologies categories, including trading, risk, asset and liability management and back office.
Andrew White, Global Head of Risk Management, Thomson Reuters commented: “Thomson Reuters is delighted to have its trade and risk management software portfolio recognized by its most important stakeholder group - the banks themselves. Winning the Overall Technology Vendor award for the second straight year attests to our strategy of customer driven innovation and our commitment to providing high quality local support. By working with our customers we ensure that our ongoing product investment anticipates market requirements and provides the maximum possible return on their investment.”
In addition to winning the Number One Overall Technology Vendor, Thomson Reuters was ranked first in the following categories:
* # 1 Risk Management –Overall
* #1 Risk Management – Dedicated Credit Risk Management
* # 1 Risk Management- Limit Checking
* # 1 Risk Management – Back Office
* # 1 Risk Management- Collateral Management
* # 1 Pricing & Risk Analytics- Credit
* # 1 Pricing & Risk Analytics – Cross-asset
* # 1 Pricing & Risk Analytics – Rates
* # 1 Trading Systems- Equities
* # 1 Trading Systems – FX
Asia Risk surveyed over 1,800 technology users across Asia and asked them to nominate companies that provide the best products across categories such as market risk, credit risk, trading systems, analytics, and front-to-back systems based upon functionality, usability, performance, return on investment and reliability.
This follows an earlier announcement that Thomson Reuters made today announcing key appointments in Asia, which reflect its continued commitment to hiring leaders with proven track records in the industry, deep local market knowledge and an international outlook. In particular, Kotaro Okamura joins as Head of Japan from JP Morgan. Henry Li has joined as Head of China and will help lead company’s role in the development of the fast-paced, dynamic and rapidly evolving local financial market.
About Thomson Reuters Risk Management
Thomson Reuters is the largest provider of Trade and Risk Management solutions globally serving over 750 financial institutions. Thomson Reuters Risk solutions offer sophisticated, tailored functionality at every step of the trade – from STP enabled front-to-back trading systems to enterprise wide risk management – allowing our customers to efficiently manage their market, credit, operational and liquidity risks. The company has the global strength that is required of a long term strategic partner with more than 900+ risk professionals in 83 countries. Thomson Reuters was recently recognized as the “# 1 Overall Risk Vendor” in the ASIA RISK Annual Technology Survey, voted the “Best Risk Management Vendor” by WATERS magazine and received the “Best Trading System Vendor” in RISK magazines RISK20 awards. For more information about Thomson Reuters Risk Management solutions go to http://financial.thomsonreuters.com/risk
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more information, go to www.thomsonreuters.com.
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