Kiodex will help SMC Global Securities establish a corporate hedging desk by assisting with deal capture, reporting and risk analysis of its client portfolios. SMC chose SunGardâs Kiodex Risk Workbench because of its robust risk management tools and its software-as-a-service* (SaaS) delivery model, helping companies quickly bring new business to market.
D.K. Aggarwal, chairman and managing director of SMC Comtrade Ltd, said, âWith the globalization of the Indian economy, corporations in India need to have proper risk management systems in place. Through this relationship with SunGard, SMC would be in a position to help its clients to effectively manage price risk volatilities in the foreign exchange and commodities space.â
Ajay Garg, director, SMC Global Securities, said, âSunGardâs Kiodex Risk Workbench and Kiodex Global Market Data will help us streamline deal entry, capture the dynamics of the commodity markets, and give us the ability to view risk from multiple perspectives so we can focus on assisting our clients with their risk management needs.â
Kirk Howell, chief operating officer, SunGardâs Kiodex business unit, said, âIndia is a rapidly growing commodities market. SMCâs selection of Kiodex extends our existing presence in India to the brokerage community.â
*SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating SaaS solutions. Infinity uses SunGard's Infinity Application Framework (IAF), a service-oriented architecture (SOA) development framework, its business process management (BPM) platform and a virtualized, software-as-a-service (SaaS) infrastructure to form a new software development and on-demand delivery environment.