JAKARTA, Aug. 16 /Xinhua-PRNewswire/ -- Reuters (LSE: RTR, Nasdaq: RTRSY),
the global information company, and Indonesia's fifth largest bank, PT Bank
Danamon tbk have signed an enterprise-wide deal for Reuters Market Data System
(RMDS). The agreement includes 20 positions of Reuters premium desktop
product, Reuters 3000 Xtra and six positions of Reuters Dealing service.
Bank Danamon is 51 percent owned by a consortium comprising Deutsche Bank
and the Singapore government's investment arm, Temasek Holdings.
RMDS is a strategic platform on which PT Bank Danamon can manage financial
content in real-time across trading environments. The bank can build its
market data services and reduce its costs whilst improving performance. In
addition to serving Reuters 3000 Xtra, RMDS can also feed a number of business
applications such as risk management systems and trading platforms for Bank
Danamon.
Lam Kun Kin, Business Head Treasury and Capital Market, Bank Danamon
commented: "Bank Danamon depends on accurate and timely information to make
key decisions and service our wide spread operation. Reuters market data
system will help us manage this intelligence gathering. RMDS can integrate,
distribute, and add value to news, information and data for our end users."
"Using Dealing 3000 means producing and routing dealing tickets will be
automated with our new system in the future. This reduces the possibility for
error and the service helps us to achieve Straight through processing as
Dealing 3000 integrates with back office systems."
Samir Shah, Head of Sales, South and South Asia, Reuters said: "Bank
Danamon is leading the way to drive towards straight-through processing as its
vision is to contain or reduce the total cost of ownership, to easily display
and integrate new capabilities and to handle future data and trading volumes.
It is set to meet the challenges of new regulatory requirements and growth."
Reuters Dealing 3000 is the market-leading, peer-to-peer conversational
trading application. There is a community of approximately 19,000 users of
Dealing 3000 in more than 6,000 organisations in 120 countries having over 1.5
million conversations a day, which represents the largest most established FX
and money market community in the world.
Notes to Editors
Reuters (http://www.about.reuters.com), the global information company,
provides indispensable information tailored for professionals in the financial
services, media and corporate markets. Our information is trusted and drives
decision making across the globe based on our reputation for speed, accuracy
and independence. We have 14,700 staff in 92 countries, including some 2,400
editorial staff in 197 bureaux serving approximately 130 countries, making
Reuters the world's largest international multimedia news agency. In 2003,
the Reuters Group had revenues of 3.2 billion pounds.
Reuters and the sphere logo are the trade-marks of the Reuters group of
companies.
For more information, please contact:
Liam Hwee Tay
Reuters corporate communications, Asia
Tel: +65-6870-3028
Yasmeen Khan
Reuters media relations
Tel: +44-207-542-0496
SOURCE Reuters
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Related links:
http://www.about.reuters.com
CONTACT:
Liam Hwee Tay of Reuters corporate
communications, Asia, +65-6870-3028; Yasmeen Khan of Reuters
media relations, +44-207-542-0496
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