Houston, TX (PRWEB) May 05, 2011
SunGard has added a real-time position and margin monitoring component, Kiodex Control, to its Kiodex Real Time commodities risk management solution, delivered on a Software-as-a-Service* basis.
Kiodex Control will help organizations monitor position limits and margin in real-time, providing alerts when one or more user-established thresholds is approached or exceeded. Kiodex Control also performs “what if” scenarios, giving organizations the ability to test future scenarios using real-time data, which helps them minimize risk while maximizing opportunities.
Without a real-time system in place, organizations face the possibility of exceeding position limits that the CFTC and individual exchanges apply to intra-day and end-of-day positions. Traditional end-of-day reconciliation is too late to avoid fines, penalties and reputational damage. With Kiodex Control, customers can set one or more alerts to warn of an approaching limit, helping ensure that the customer remains in compliance with legal limits as well as risk parameters.
Kirk Howell, chief operating officer for SunGard’s Kiodex business unit, said, “In today’s increasingly regulated and volatile market, compliance and risk management are absolutely critical to our customers’ success. Kiodex Control will help our customers better manage risk by providing access to accurate, real-time information, helping them manage positions, P&L, and margin in real-time.”
*SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating software-as-a-service (SaaS)-based solutions. Infinity uses a service-oriented architecture (SOA) development framework, offers a business process management platform (Infinity Process Platform) and a virtualized, on-demand delivery infrastructure.
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.
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 of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit 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.