Kiodex helps companies like L&T to create a comprehensive trade support and risk management operation for commodities, by providing value-at-risk calculations as well as indicative pricing with Kiodex Global Market Data. These features help L&T to do pre-deal analysis for more informed and better decision-making.
R.Govindan, Treasurer at L&T, said, âWe selected SunGardâs Kiodex to help us as a Web-based solution that is pre-configured for commodities, to do commodity risk management more efficiently. The ability to connect Kiodex with our other systems was also a key factor in our selection, helping to streamline our operation and reduce operational risk.â
Thomas Farley, president of SunGardâs Kiodex business unit, said, âThe selection of Kiodex by L&T is a strong endorsement of our value to corporations who have underlying commodity exposure. The days when companies can pass along energy and other commodity costs to the client in an increasingly competitive environment are coming to an end.â