Dubai Bank to set up real-time trading room

Dubai Bank has contracted Reuters to provide a real-time trading room to offer solutions related to treasury products and risk management.

A combination of Reuters Kondor+, Kondor Trade Processing and Kondor Global Limits technology will be implemented at the bank which will provide integrated front to back office risk management and a treasury solution which will allow the identification, measurement and management of financial risks.

The Reuters technology also supports pricing and processing products. This will help the bank's treasury to make decisions while managing the financial exposure of the trading room's activities as well as advising on the associated risks to the customer.

"The new system illustrates our commitment to introducing fast and flexible financial solutions through alliances with the best service providers," said Ahmed Binbrek, chief executive officer of Dubai Bank.

Over 500 financial institutions around the world, including 20 banks in the Middle East, have chosen Reuters products to help manage their market risks.

Biswajit Dasgupta, head of treasury at Dubai Bank, added: "The focus of our treasury business will be to work with customers, taking into account factors like internal hedges, cash flows and risk-appetite, and come up with customised solutions."