Aisling Analytics Selects SunGardís Kiodex to Help Streamline Commodities Risk Management Process
SunGard (http://www.sungard.com) today announced that Aisling Analytics Pte Ltd (Aisling), the Singapore-based manager of The Merchant Commodity Fund and a $1.37 billion commodity hedge fund focused on energy, grains, oilseeds, and soft commodities, will deploy SunGardís Kiodex solution to help manage commodities risk. SunGardís Kiodex Risk Workbench is a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting, and independent market data. Kiodex Global Market Data includes representative prices, volatilities, volatility skews and correlations across the spectrum of commodity markets (http://www.sungard.com/kiodex).
Established in 2004, Aislingís growth from $450 million to $1.37 billion in the previous 12 months prompted its move from an incumbent spreadsheet-based system to SunGardís Kiodex solution. Delivered on a Software-as-a-Service (SaaS) basis, Kiodex will help Aisling scale its operations, reduce operational risk, and minimize the resources required for system management and daily processing. Kiodex will also help support Aislingís growth in OTC commodity derivatives by providing commodity specific models and analytics including Value-at-Risk. Kiodex will be used in Aislingís Singapore and Geneva offices.
Mike Coleman, managing director at Aisling Analytics in Singapore, said, ďWe chose SunGardís Kiodex because of the benefits of its SaaS delivery model, including a shorter implementation time, and a reduction of time and cost associated with the maintenance of installed solutions. Kiodex provides commodity-specific models and analytics that are preconfigured to handle the nuances specific to commodities.Ē
Ben Jackson, chief operating officer of SunGardís Kiodex business unit, said, ďKiodex helps commodities hedge funds like Aisling to implement best practice risk management by providing robust, commodity-specific pricing models, analytics, and independent market data.Ē
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