George Weston Foods selects SunGard's risk management solution
George Weston Foods has chosen SunGard's web-based trading and risk management solution, Kiodex, to help manage its exposure to commodity price risk.
The food company will use SunGard's Kiodex to help develop and implement hedging strategies aimed at reducing and managing its exposure to volatile prices in agricultural commodities. According to the company, Kiodex Risk Workbench is a web-based commodities risk management solution that integrates trade capture, valuation models, risk measurement, financial reporting, and independent market data. Kiodex Global Market Data includes representative spot prices, forward curves, volatilities, volatility skews and correlations across the spectrum of commodity markets. George Weston Foods leveraged the Kiodex software-as-a-service platform for rapid implementation, the company added. Ben Jackson, chief operating officer of SunGard's Kiodex business unit, said: SunGard's Kiodex helps our corporate customers around the globe to efficiently manage earnings volatility through precise commodity risk management.
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