SummerHaven Investment Management Selects SunGard for SaaS-based Commodity Trading and Risk Management

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SummerHaven Investment Management, LLC, an investment management company specializing in commodity futures based in Stamford, CT, has selected SunGard’s Kiodex Real Time trade capture, position-keeping, mark-to-market and risk management solution. SummerHaven will also use SunGard’s Kiodex business process outsourcing (BPO) services for middle-office operations.

SummerHaven Investment Management, LLC, an investment management company specializing in commodity futures based in Stamford, CT, has selected SunGard’s Kiodex Real Time trade capture, position-keeping, mark-to-market and risk management solution. SummerHaven will also use SunGard’s Kiodex business process outsourcing (BPO) services for middle-office operations.

SummerHaven required a solution that would help support index construction and trading related to its recently launched commodity index, the SummerHaven Dynamic Commodity Index (SDCI). SummerHaven chose Kiodex Real Time because its software-as-a-service (SaaS)-based delivery model helps companies quickly bring new business to market. The real-time solution will also help SummerHaven improve intra-day decision-making by managing positions and risk in real time with access to multiple exchanges from a single screen.

Ashraf Rizvi, partner at SummerHaven Investment Management, said, “SunGard’s Kiodex Real Time software solution will help provide real-time risk management, profit and loss, positions and stress testing to enhance our commodity trading activities, particularly for positions benchmarked to our new index. SunGard’s middle-office outsourcing services will help us expand quickly while helping us concentrate on our core front-office business and maintain the integrity and scalability of our operations.”

Ben Jackson, senior executive vice president for SunGard’s energy and commodities business, said, “In today’s volatile commodities markets it is critical for traders to know their precise risk at all times and to have access to instantaneous information for optimal decision-making. The combination of Kiodex Real Time and Kiodex middle-office services provides a single, integrated application. With SunGard, SummerHaven also gets a team of people focused on helping its traders optimize decision-making and support construction of its new commodity index.”

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 380 on the Fortune 500 and is the largest privately held business software and IT services company.

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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