Kiodex launches web-based risk application

Kiodex, a US-based provider of Web-based risk management solutions for the commodity markets, has launched its flagship risk management application, the Kiodex Risk Workbench. The product is designed to assist corporations in managing their earnings exposure to market price risk, and helping compliance with US GAAP and FAS 133 accounting regulatory requirements.

Kiodex Risk Workbench is a Web-based risk management system that provides pricing tools, market data and scenario analysis facilities to its users. The system integrates these services into a single application, and will provide direct feeds from leading online trading platforms such as EnronOnline and enymex.

A spokesperson for Kiodex said the Web-based delivery of the product would enable users to save on transaction costs associated with installing or upgrading traditonal risk management software.

The Risk Workbench also facilitates compliance with FAS 133 reporting regulations by providing audit and documentation trail information, necessary for mark-to-market verification by auditors. Users have the framework to match positions and deals for accounting and reporting purposes, and also have market data to accurately value trades and positions at any time.