New York, NY (Vocus) September 25, 2009
SunGard has released additional capabilities for its Kiodex Real Time trade capture, position-keeping, mark-to-market and risk management solution for commodities. The enhancements provide expanded coverage of trading venues to include several new markets under the Chicago Mercantile Exchange (CME), giving firms the ability to access real-time trade and pricing data on a single platform.
Formerly IntercontinentalExchange's (ICE) ICE Risk system acquired by SunGard in May 2009, Kiodex Real Time captures and values exchange-traded and cleared products across multiple trading venues. Kiodex Real Time now connects to the CME, including the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX, a division of NYMEX. Commodity trading firms trading on these exchanges will be able to use Kiodex Real Time to view accurate information on trades, market data, and profit and loss automatically in real time. The system also analyzes and adjusts price curves, tracks trading limits instantly across exchanges, and helps firms comply with pending regulations around position limits.
Ben Jackson, senior executive vice president of SunGard's Energy and Commodities business unit, said, "The process of capturing trades and updating prices throughout the day can be time-consuming and error prone if done manually, particularly for large or growing trading organizations. Kiodex Real Time automates the capture and updating of positions throughout the day, giving firms an accurate, cross-market view of their positions, price curves, and profit and loss, all in real-time."
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 IT services companies. SunGard serves more than 25,000 customers in more than 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 services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.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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