As a Web-based solution that is pre-configured to handle specific nuances related to commodities trading, Kiodex can be rapidly implemented, helping financial institutions like ATB to quickly enter into derivatives trading and to provide new products and services to its clients that have financial exposure to commodity prices.
Rimas Siulys, director of middle office risk management at ATB Financial, said, âATB's Energy Group has one of the largest units specializing in energy and commercial lending in Canada. When we made the decision to extend our services to include derivatives trading, we selected SunGardâs Kiodex as our trading and risk platform because of its Web-based delivery, ease-of-use, and the complete package of energy forward, volatility and correlation curves, which we have found to be a huge time-saver. We have also been very impressed with the responsiveness and friendliness of SunGardâs customer support team for Kiodex.â
Thomas Farley, president of SunGardâs Kiodex business unit, said, âBundling derivatives with corporate banking lending helps organizations like ATB to increase revenues while decreasing the risks associated with lending in the corporate sector. Kiodex helps banks to quickly enter into derivatives trading and realize the benefits of this strategy, by providing rapid time-to-market and full support for the trading and risk management of corporate derivatives.â