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SunGard Kiodex Notches First Win for their New Real Time Risk Solution

Filed under: Software, Energy, Commodities, General, Risk ManagementPatrick Reames | June 18, 2009 @ 5:09 pm (Views: 383)

Kiodex just announced that Ameren Energy Marketing (AEM), the nonreg marketing and trading arm of St. Louis-based Ameren Corporation, has implemented SunGard's Kiodex Real Time, the recently acquired product formerly known as ICE Risk, a real-time, integrated trade capture, mark-to-market and risk management solution for commodity trading.

According to the press release, “AEM uses Kiodex Real Time, integrated with SunGard's Aligne (formerly Zainet) end-of-day books and records solution, to track intraday positions and profit and loss (P&L), and provide support for traders responsible for executing daily and strategic hedging strategies.”

A good start for Kiodex. Given the company’s proven ability to deliver SaaS solutions, combined with ICE’s ubiquitous reach in the energy markets and the ability for the product to consolidate and manage real-time exchange trades, there’s likely to be more such announcements in the near future.

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