Kiodex announced on Monday that they had acquired ICE’s risk management product, ICE Risk. The product, launched in the middle of last year, is a web delivered solution providing real-time integration with ICE and other exchanges, which, in turn, enables real-time position managment and valuation capabilities.

Kiodex, a long time provider of web delivered risk management systems and risk tools, intends to integrate the real-time capabilities of ICE Risk, now rebranded as Kiodex Real Time, into their Risk Workbench product and expand its capabilities to provide real-time calculation of VaR (both historical and Monte Carlo), positions, and valuation across multiple asset classes. Ben Jackson, Kiodex’s President told me yesterday that they also intend to incorporate additional capabilities provided by SunGard’s GL Stream product, expanding the universe of exchanges which can be integrated into the product. He indicated that the initial integration efforts between the newly acquired product and their Risk Workbench is well underway, with new functionality currently being deployed at a couple of customer sites - customers that have been using both products prior to the acquisition.

The combination of Kiodex’s sophisticated analytics and newly acquired real-time position management capabilities and exchange connectivity are going to create a very formidable offering in the risk management side of the CTRM markets.

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