17 August 2017
visit www.avoka.com

SMC Global Securities selects SunGard Kiodex Risk Workbench

13 October 2010  |  2113 views  |  0 Source: SMC Global Securities

SMC Global Securities, one of India's largest brokering firms, has selected SunGard's Kiodex Risk Workbench, a fully integrated Web-based risk management solution, to help its clients in hedging their price risk in foreign exchange, commodities and interest rates.

SMC Global Securities also selected Kiodex Global Market Data for its independent market data needs.

Kiodex will help SMC Global Securities establish a corporate hedging desk by assisting with deal capture, reporting and risk analysis of its client portfolios. SMC chose SunGard's Kiodex Risk Workbench because of its robust risk management tools and its software-as-a-service (SaaS) delivery model, helping companies quickly bring new business to market.

D.K. Aggarwal, chairman and managing director of SMC Comtrade Ltd, said, "With the globalization of the Indian economy, corporations in India need to have proper risk management systems in place. Through this relationship with SunGard, SMC would be in a position to help its clients to effectively manage price risk volatilities in the foreign exchange and commodities space."

Ajay Garg, director, SMC Global Securities, said, "SunGard's Kiodex Risk Workbench and Kiodex Global Market Data will help us streamline deal entry, capture the dynamics of the commodity markets, and give us the ability to view risk from multiple perspectives so we can focus on assisting our clients with their risk management needs."

Kirk Howell, chief operating officer, SunGard's Kiodex business unit, said, "India is a rapidly growing commodities market. SMC's selection of Kiodex extends our existing presence in India to the brokerage community."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10221 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9562 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9384 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8401 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7880 views comments | 1 tweets | 2 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job