Ameren Energy Marketing Goes Live on SunGard's Kiodex Real Time Solution for Commodity Trading Connectivity, Valuation and Risk
Ameren Energy Marketing (AEM), the non-rate-regulated marketing and trading affiliate of St. Louis-based Ameren Corporation (NYSE: AEE), has implemented SunGard's Kiodex Real Time (formerly ICE Risk), a real-time, integrated trade capture, mark-to-market and risk management solution for commodity trading.
New York, NY (Vocus/PRWEB ) June 18, 2009 -- Ameren Energy Marketing (AEM), the non-rate-regulated marketing and trading affiliate of St. Louis-based Ameren Corporation (NYSE: AEE), has implemented SunGard's Kiodex Real Time (formerly ICE Risk), a real-time, integrated trade capture, mark-to-market and risk management solution for commodity trading. AEM uses Kiodex Real Time, integrated with SunGard's Aligne (formerly Zainet) end-of-day books and records solution, to track intraday positions and profit and loss (P&L), and provide support for traders responsible for executing daily and strategic hedging strategies.
Today's volatile commodity markets require traders and risk managers to have a comprehensive view of their positions, mark-to-market and risk every minute of the day. Kiodex Real Time provides AEM with a real-time feed of exchange-traded and cleared trades to supplement SunGard's Aligne for books and records processing. Kiodex Real Time provides AEM with real-time positions, market prices, risk and P&L which allows AEM's traders to view intraday position, Greeks and P&L exposure in a flexible, intuitive format.
Bill Dulle, manager of portfolio management at Ameren Energy Marketing, said, "With Kiodex Real Time, SunGard is able to provide us with a real-time solution for intraday power and natural gas positions and prices. This helps increase our trading efficiency as we spend less time tracking positions and more time analyzing the market and developing strategies."
Delivered as Software-as-a-Service* (SaaS) Web-based solution, Kiodex Real Time is the former ICE Risk exchange connectivity, valuation and risk solution acquired by SunGard in May 2009. Kiodex Real Time integrates with SunGard's Aligne, a solution that helps energy companies to efficiently manage risk by integrating all of the data from their trading operations, to provide a single view of mark-to-market valuation of positions.
Ben Jackson, chief operating officer of SunGard's Kiodex, said, "By capturing exchange-traded and cleared trades directly from exchanges and providing portfolio valuations and risk using real-time market prices and settlements, Kiodex Real Time helps commodity traders and risk managers optimize their trading performance by allowing them to measure, monitor and mitigate risk throughout the day in real-time."
| | - SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components to form a new software development and on-demand delivery environment called Infinity. Infinity helps enable financial institutions to develop and deploy custom applications, integrating SunGard components with their own proprietary or third party components. Infinity uses SunGard's Common Services Architecture (CSA), a service-oriented architecture (SOA) development framework, offering business process management (BPM) and a virtualized, software-as-a-service (SaaS) infrastructure.
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About Ameren Energy Marketing
Ameren Energy Marketing (AEM) is the power marketer for Ameren Energy Resources―Ameren's non-rate-regulated subsidiary principally focused on generating electricity. AEM is one of the largest energy marketers in the U.S. with a portfolio of more than 6,000 megawatts of competitive generation. An affiliate of Ameren Corporation, a Fortune 500 company, AEM is headquartered in St. Louis, Mo., with additional office locations throughout Illinois. For more information, visit http://www.ameren.com/AEM/.
About SunGard's Kiodex
A Web-based trading and risk management solution for commodities traders, delivered on a Software-as-a-Service basis, Kiodex integrates deal capture and risk management capabilities with valuation models and independent market data. Traders, hedge funds and corporations with exposure to commodity prices use Kiodex to help measure risk, design optimal hedging strategies, improve price execution, and comply with accounting best practices. Visit SunGard's Kiodex at www.sungard.com/kiodex.
About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo Aligne, Kiodex and ZaiNet are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
For more information, please contact:
Adriana Senior
SunGard
Tel: +1 718-578-1130
adriana.senior@sungard.com
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