SunGard says that London-based ED&F Man Holdings Limited has bought its Kiodex Risk Workbench to support its recently launched commodities trading business in New York City.
The Kiodex Risk Workbench is a Web-based commodities risk management technology that aims to integrate deal capture, proprietary valuation models, risk reports, and independent market data. ED&F Man Holdings sources, delivers, and distributes agricultural products including sugar, molasses, cocoa, coffee and alcohol.
“SunGard’s Kiodex has been able to provide us with a platform that will help us to smoothly and cost-effectively support the launch of our new trading operation,” says Bernadette Fiascone, the finance director of the ED&F Man Commodity Services Division. “Its cross-commodity class coverage and set of risk analytics specifically designed to handle the intricacies of commodities trading helps us to manage our business with greater operational efficiency and a better understanding of our positions.”