London, UK (Vocus) May 1, 2008
SunGard (http://www.sungard.com) today announced that London-based Liquid Capital Markets (http://www.liquidcapital-markets.com), a leading liquidity provider in a range of exchange traded equity and fixed income options, has implemented SunGard’s Kiodex Risk Workbench, a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting and independent market data (http://www.sungard.con/kiodex). Liquid Capital uses Kiodex to help manage risk, enhance profitability and identify opportunities for its new commodities proprietary trading desk supporting crude oil, refined and natural gas products.
Used by Liquid Capital’s commodities traders in London and Sydney, Kiodex integrates with the firm’s front- end systems. Kiodex is delivered on a Software-as-a-Service (SaaS) basis*, which helped Liquid Capital to achieve a short deployment time and global availability.
Tom James, head of commodity trading at Liquid Capital, said, “Our business is to provide liquidity to markets and profit from an unpredictable future, and we chose SunGard’s Kiodex to help us to manage risk and adapt quickly to change. Rapid implementation is critical to revenue and profitability, and Kiodex has provided us with quick entry to trading.”
Ben Jackson, chief operating officer of SunGard’s Kiodex business unit, said, “We are pleased that Kiodex is helping Liquid Capital to achieve speed and accuracy to help enhance profitability and build client relationships. Kiodex helps firms to recognize opportunities and threats, and analyze best courses of action in a high volume, fast-moving industry.”
About Liquid Capital
Liquid Capital Markets is an independent options market-maker that focuses on the most actively traded European and Asia-Pacific derivative instruments. It regularly tops the ranking statistics of the exchanges on which it trades.
Liquid Capital Markets is part of the Liquid Capital Group. The group has grown significantly since formation by Chris & Gregg Siepman in 2000 and now employs more than 170 people across the world. It has offices in London, Chicago, Sydney and Chengdu (China).
SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components to form a new software development and on-demand delivery environment called Infinity. Infinity enables financial institutions to develop and deploy custom applications, integrating SunGard components with their own proprietary or third party components. Infinity uses SunGard's Common Services Architecture (CSA), a service-oriented architecture (SOA) development framework, offering business process management (BPM) and a virtualized, software-as-a-service (SaaS) infrastructure
A Web-based trading and risk management solution for commodities traders, Kiodex integrates deal capture and risk management capabilities with valuation models and independent market data. Banks, FCMs, 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.
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. 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.
For more information, contact:
Email: adriana.senior @ risk.sungard.com