NEW YORK, NY, October 30, 2002 - Kiodex, Inc., a technology company that provides a Web-services platform for corporate risk management, reporting, and regulatory compliance, and Reuters, the global information, news and technology group, today announced Reuters will market Kiodex's flagship risk-management platform, the Kiodex Risk Workbench, to many of its commodities and energy customers throughout the world.
"This alliance is a landmark for Kiodex," said Joachim Emanuelsson, Co-founder and Vice President of Strategic Planning for Kiodex. "Reuters is an institution with a remarkable 151-year history. The fact that Reuters has agreed to be the primary marketer of our flagship risk-management platform in Asia and Latin America speaks volumes about the confidence Reuters has in the value we provide to corporations."
Tom Gros, EVP and Global Head of Commodities and Energy, Reuters, explains, "The Kiodex Risk Workbench represents the latest technology in the commodity risk-management arena, and is complementary to our existing risk management products, which are targeted at securities and money markets. This agreement underscores our commitment to offering our clients robust solutions enhancing pre-trade, execution and post trade capabilities. The availability of Kiodex's Risk Workbench, combined with our premium market data, will help our customers make more informed decisions, cost-effectively."
The Kiodex Risk Workbench is the only commodities risk-management platform that integrates complete deal capture, proprietary valuation models, transparent risk reports, and independent market data. This combined functionality gives corporations a comprehensive business process for managing commodity price and currency risk.