SunGard announced that Houston-based AAA Capital Management, Inc. has selected SunGard’s Kiodex Risk Workbench to help it to improve the efficiency of its energy trading operation and implement best practice risk management.
SunGard’s Kiodex will provide AAA with comprehensive risk analysis,position keeping and P&L, and independent valuations. Kiodex RiskWorkbench is a Web-based commodities risk management solution thatintegrates deal capture, proprietary valuation models, risk reports, andindependent market data that includes representative prices, volatilitiesand volatility skews across the spectrum of commodity market.
Kiodex will help AAA to improve operational efficiency with theimplementation of automated, Web-based services. Kiodex supports thecomplete range of OTC products as well as instruments traded on all themajor commodities exchanges, including ICE, NYMEX and NYMEX ClearPort,providing hedge funds with the flexibility to quickly add new products andtrading strategies.
Raj Mahajan, president of SunGard’s Kiodex business unit, said, “Kiodexwill provide AAA with commodity pricing and valuation in a platform thatis pre-configured to handle the nuances of commodities, helping it toimplement best practice risk management. Because Kiodex is delivered onan ASP basis, it will help AAA to create a more streamlined and efficientcommodities trading operation. The Web-based solution additionallyprovides convenience, security with resilient disaster recovery andcost-efficiencies through the reduction of ongoing maintenance and supportcosts.”