SunGard Launches Middle-Office Outsourcing Service for Energy and Commodities Trading

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SunGard Launches Middle-Office Outsourcing Service for Energy and Commodities Trading

In the energy and commodities space, we expect to see increased demand for services like SunGard's that offer needed efficiencies, dependability and a customized approach to outsourcing.

SunGard has launched a new middle-office outsourcing service for traders, hedge funds, and corporations in the energy and commodity markets. Kiodex Middle-Office Outsourcing will offer a full range of optimized post-trade and pre-settlement services tailored to meet the specific middle-office needs of individual customers. The service will help customers realize greater operational efficiency, lower process costs and gain scalability.    

In-house middle-office operations can be costly and resource-heavy. In addition to offering specialist resources to manage a wide range of middle-office operations, SunGard’s Kiodex Middle-Office Outsourcing incorporates Kiodex software solutions that can help customers measure risk, design optimal hedging strategies, improve price execution and comply with accounting best practices.

The services provided by Kiodex Middle-Office Outsourcing are designed to help upgrade existing middle-office operations and provide real-time trade capture and confirmation services, system of record maintenance, reconciliation, P&L reporting and analysis, risk management reporting and analysis, and expert due diligence reviews. Kiodex uses a set of validated rules and algorithms to help companies detect behaviors characteristic of market manipulation and avoid regulatory noncompliance.

Stephen Bruel, research director at research and advisory firm Tower Group, said, "In the energy and commodities space, we expect to see increased demand for services like SunGard's that offer needed efficiencies, dependability and a customized approach to outsourcing."

Ben Jackson, senior executive vice president at SunGard’s energy and commodities business, commented: “The Kiodex Middle-Office Outsourcing service is designed to allow firms to focus on their strengths in managing funds and investments and to free them from the burden of managing IT or reporting staff. It provides a platform and infrastructure with predictable costs that can support requirements for regulatory compliance, scalability and adaptability. SunGard brings deep knowledge of middle-office processes, expertise in applying software to them, and an ability to understand and work with the unique needs of each customer to deliver these services.”

About SunGard’s Kiodex
A Web-based trading and risk management solution for commodities traders, delivered on a Software-as-a-Service basis, Kiodex integrates deal capture and risk management capabilities with valuation models and independent market data. Traders, hedge funds and corporations with exposure to commodity prices use Kiodex to help measure risk, design optimal hedging strategies, improve price execution, and comply with accounting best practices. Visit SunGard's Kiodex at http://www.sungard.com/kiodex.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and IT services company. Visit SunGard at http://www.sungard.com

Trademark Information: SunGard, the SunGard logo and Kiodex are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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