Kiodex will help AAA to improve operational efficiency with the implementation of automated, Web-based services. Kiodex supports the complete range of OTC products as well as instruments traded on all the major commodities exchanges, including ICE, NYMEX and NYMEX ClearPort, providing hedge funds with the flexibility to quickly add new products and trading strategies.
Raj Mahajan, president of SunGardâs Kiodex business unit, said, âKiodex will provide AAA with commodity pricing and valuation in a platform that is pre-configured to handle the nuances of commodities, helping it to implement best practice risk management. Because Kiodex is delivered on an ASP basis, it will help AAA to create a more streamlined and efficient commodities trading operation. The Web-based solution additionally provides convenience, security with resilient disaster recovery and cost-efficiencies through the reduction of ongoing maintenance and support costs.â