SunGard to distribute Kiodex energy forward curves
SunGard Data Management Solutions, an operating group of SunGard (NYSE: SDS), announced today that it has entered into a data distribution agreement with Kiodex, Inc. to market and distribute Kiodex Global Market Data (KGMD) to its clients through its FAME Energy data service.
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Kiodex Global Market Data comprises more than 100 different forward curves and volatility surfaces for the power, crude, natural gas and refined products industries worldwide. Kiodex forward curves are produced daily and are used by more than 70 major corporations to yield independent and transparent valuations of their physical and financial energy portfolios. Kiodex combines transaction data from a broad array of sources with proven quantitative models and processes to produce a transparent, accurate, and reliable source of forward energy data.
"Kiodex is a premium source of independent forward curves and volatility surfaces," commented Emma Garvey, data product manager at SunGard Data Management Solutions. "The decision to add Kiodex data to our FAME Energy data service comes in response to a high demand from our customers who are seeking high quality forward curve data through our solutions. With the increasing demand for independent market data to meet reporting requirements such as Sarbanes-Oxley, Kiodex has become an important source of data for effective risk management and mark-to-market needs."
"SunGard Data Management Solutions is known for providing reliable, quality-checked data to its customers," added R. Martin Chavez, chief executive officer of Kiodex. "This value-added service combined with Kiodex's mission-critical data will help ensure that users receive data of the highest quality."