SunGard Beefs Up Kiodex Platform
SunGard has announced that it has added a real-time position and margin monitoring component, Kiodex Control, to its Kiodex Real Time commodities risk management solution, delivered on a Software-as-a-Service* basis. Kirk Howell, chief operating officer for SunGard’s Kiodex business unit, said, “In today’s increasingly regulated and volatile market, compliance and risk management are absolutely critical to our customers’ success. Kiodex Control will help our customers better manage risk by providing access to accurate, real-time information, helping them manage positions, P&L, and margin in real-time.”
The announcement also has an interesting note attached to as follows; SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating software-as-a-service (SaaS)-based solutions. Infinity uses a service-oriented architecture (SOA) development framework, offers a business process management platform (Infinity Process Platform) and a virtualized, on-demand delivery infrastructure.
