SunGard today announced that Aisling Analytics Pte (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 SunGard's Kiodex solution to help manage commodities risk.
SunGard's 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.
Established in 2004, Aisling's growth from $450 million to $1.37 billion in the previous 12 months prompted its move from an incumbent spreadsheet-based system to SunGard's 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 Aisling's growth in OTC commodity derivatives by providing commodity specific models and analytics including Value-at-Risk. Kiodex will be used in Aisling's Singapore and Geneva offices.
Mike Coleman, managing director at Aisling Analytics in Singapore, said, "We chose SunGard's 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."
Ben Jackson, chief operating officer of SunGard's Kiodex business unit, said, "Kiodex helps commodities hedge funds like Aisling to implement best practice risk management by providing robust, commodity-specific pricing models, analytics, and independent market data."