Brett Dean, chief operating officer at BOSC (a BOk subsidiary), said, âUsing the ASPâbased and standard risk reports provided by SunGardâs Kiodex Risk Workbench helps us to continue to extend the important energy derivatives services we provide to our commercial loan customers, without adding operational and technology resources. It was important to us to move to a commodity-specific solution. Kiodexâs ability to price a wide array of commodities helps us to provide our clients with the full advantage of accurate and independent valuation and risk reporting for commodity instruments, whether simple or complex. Because of its Web-based delivery and easy implementation we were able to start using Kiodex and its global market data quickly to price a full range of commodity products.â
Ben Jackson, chief operating officer of SunGardâs Kiodex business unit, said, âBOk and SunGardâs support team for Kiodex can be very proud of the joint accomplishment of rapidly migrating BOkâs sizable existing energy derivatives business, with trades numbering in the thousands, in very short order. BOk is taking broad advantage of what Kiodex offers, including front-ends and pricing tools for traders, the back office functionality for operations and the Greek and full Monte Carlo VaR reports for the risk managers.â
Concurrent with the selection of SunGard Kiodex, BOk also selected SunGardâs AvantGard to help price and manage risk for its interest rate and foreign exchange derivative transactions. BOk has also implemented SunGard's InTrader ASP fixed income processing solution for trade execution, portfolio accounting, funding, safekeeping, and correspondent services support, and SunGard's STN Settlements interface management solution to provide real-time, interactive trade comparison with the Fixed Income Clearing Corporation's (FICC) Real-Time Trade Matching (RTTM) services.