"The solution will be implemented across ICICI Ltd, ICICI Bank, and ICICI Securities," a release said. The deal covers 74 users of Kondor+ suite of products, and will make ICICI the largest site for Kondor+ in the Asia-Pacific region, the release added.

Kondor+ is an integrated trading and risk-management application, designed to provide electronic deal capture, position keeping, portfolio valuation, as well as tactical and strategic market and credit-risk capabilities.

"The information age has laid the foundation for transition of the business environment from an economy driven by physical capital to that driven by knowledge capital. We believe that partners like Reuters will enable us to match global benchmarks in technology standards and realise our strategic vision of becoming a globally competitive player,"ICICI Ltd managing director & CEO KV Kamath said.

The Kondor+ application has been designed to handle a wide range of financial instruments. These include foreign exchange, money market, fixed income, and equities. The application also covers exchange traded and over-the counter derivatives. Kondor+ provides realised and unrealised profit and loss analysis, inventories, sensitivity ladders, simulations, and value-at-risk calculations.