SunGard has released additional capabilities for its Kiodex Real Time trade capture, position-keeping, mark-to-market and risk management solution for commodities. The enhancements provide expanded coverage of trading venues to include several new markets under the Chicago Mercantile Exchange (CME), giving firms the ability to access real-time trade and pricing data on a single platform.
Formerly IntercontinentalExchange’s (ICE) ICE Risk system acquired by SunGard in May 2009, Kiodex Real Time captures and values exchange-traded and cleared products across multiple trading venues. Kiodex Real Time now connects to the CME, including the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX, a division of NYMEX. Commodity trading firms trading on these exchanges will be able to use Kiodex Real Time to view accurate information on trades, market data, and profit and loss automatically in real time. The system also analyzes and adjusts price curves, tracks trading limits instantly across exchanges, and helps firms comply with pending regulations around position limits.
Ben Jackson, senior executive vice president of SunGard's Energy and Commodities business unit, said in a company release, “The process of capturing trades and updating prices throughout the day can be time-consuming and error prone if done manually, particularly for large or growing trading organizations. Kiodex Real Time automates the capture and updating of positions throughout the day, giving firms an accurate, cross-market view of their positions, price curves, and profit and loss, all in real-time.”