ICE Risk will add real-time exchange connectivity, valuation and risk capabilities for futures, options and swaps across multiple asset classes to SunGardâs Kiodex. SunGardâs Kiodex is a Web-based commodity trading and risk management solution that integrates trade capture, valuation models, risk measurement, financial reporting and independent market data. Kiodexâs SaaS delivery model provides an automated, Web-based environment that helps customers to simplify implementation, accelerate time-to-market and gain ongoing processing efficiencies, while requiring minimal IT support. Software-as-a-Service (SaaS) solution
Increasing regulation and a lower tolerance for counterparty risk are leading many commodity trading firms to favor clearing through an exchange clearinghouse. Adding the capabilities of ICE Risk to the Kiodex commodity trading and risk management solution will help provide commodity trading advisors, hedge funds, market makers and high volume trading funds with real-time valuation and risk capabilities for futures and other cleared products. With ICE Risk as part of SunGardâs Kiodex, prime brokers and futures commission merchants (FCMs) will have access to a real-time risk dashboard and customer profit and loss information; banks will have access to a real-time counterparty risk dashboard; and corporations will be able to receive real-time alerts on hedge book valuation changes.
Ben Jackson, chief operating officer of SunGardâs Kiodex business unit, said, âThe market dynamics and regulatory environment today point to a continued increase in trading activity in exchange-traded and cleared products. Commodity traders, actively trading in these markets, require the ability to view and value executed trades in real time in order to achieve greater control over risk and exposure. ICE Risk combined with Kiodex will offer traders real-time positions and prices for valuing exchange-traded and cleared products in real-time. This will help commodity traders view any level of the dealâs underlying structure to the lowest level of exposure.â