Man Financial, the brokerage division of London-based Man Group, plc, has signed SunGard’s Kiodex Risk Workbench to help guide its entry into the OTC energy derivatives markets.
“From a front-office perspective, we selected the ASP- based Kiodex Risk Workbench for its ability to provide indicative quotes on 200 plus commodities, which is an important customer service tool to hedgers and speculators in these OTC markets,” said Martin Timmins, global head of energy trading at Man Financial.
Kiodex Risk Workbench is a Web-based commodities risk management solution that integrates deal capture, proprietary valuation models, risk reports, and independent market data that includes representative prices, volatilities and volatility skews for the crude oil, refined petroleum products, power, metals and natural gas markets.
In order to enter into the OTC energy market, Man will use Kiodex to price these commodities and to provide risk management reporting and independent valuations.