SunGard today announced that London-based Liquid Capital Markets, a leading liquidity provider in a range of exchange traded equity and fixed income options, has implemented SunGard’s Kiodex Risk Workbench, a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting and independent market data. Liquid Capital uses Kiodex to help manage risk, enhance profitability and identify opportunities for its new commodities proprietary trading desk supporting crude oil, refined and natural gas products.
Used by Liquid Capital’s commodities traders in London and Sydney, Kiodex integrates with the firm’s front- end systems. Kiodex is delivered on a Software-as-a-Service (SaaS) basis*, which helped Liquid Capital to achieve a short deployment time and global availability.
Tom James, head of commodity trading at Liquid Capital, said, "Our business is to provide liquidity to markets and profit from an unpredictable future, and we chose SunGard’s Kiodex to help us to manage risk and adapt quickly to change. Rapid implementation is critical to revenue and profitability, and Kiodex has provided us with quick entry to trading."
Ben Jackson, chief operating officer of SunGard’s Kiodex business unit, said, "We are pleased that Kiodex is helping Liquid Capital to achieve speed and accuracy to help enhance profitability and build client relationships. Kiodex helps firms to recognize opportunities and threats, and analyze best courses of action in a high volume, fast-moving industry."