Printer Friendly

Kiodex, Inc. To Market Risk Workbench Via EnronOnline.

Business Editors

NEW YORK--(BUSINESS WIRE)--April 2, 2001

Kiodex, Inc., a provider of web-based risk management and trading systems, today announced the signing of a definitive agreement to market the Kiodex Risk Workbench(SM) in conjunction with EnronOnline.

Under the terms of the agreement, EnronOnline customers will be able to calculate a basic set of risk management reports for all of their EnronOnline transactions in natural gas, crude oil and refined petroleum products. The reports will be generated by Kiodex's flagship software application, the Kiodex Risk Workbench(SM), and provided at no cost to the EnronOnline user. Customers requiring additional functionality from the Kiodex Risk Workbench(SM) will be able to access its features directly through a paid subscription to Kiodex.

Accessed via the internet, the Kiodex Risk Workbench(SM) is a risk-management system that provides pricing tools, market data, and financial reports to assist corporations in managing their exposure to market volatility and in complying with Financial Accounting Standards Board(FASB) Statement 133. Reports generated by the Kiodex Risk Workbench(SM) will be available through EnronOnline in the second half of 2001. Trades executed on EnronOnline can be automatically fed into the Kiodex Risk Workbench(SM) for analysis, eliminating the need for manual deal entry.

"Kiodex and Enron share the goal of bringing market-leading risk management, transparency, and liquidity to existing and developing commodities markets," stated R. Martin Chavez, Kiodex CEO. "The placement of our risk services on EnronOnline, the world's most successful B2B marketplace, brings simple and cost-effective straight-through processing and best risk practices to thousands of corporations worldwide."

Since its launch in November of 1999, EnronOnline has been a principal in over 800,000 transactions valued in excess of $485 billion. Over 1,600 products are traded daily on EnronOnline in markets such as natural gas, crude oil, refined petroleum products, metals, electricity, bandwidth, coal, pulp and paper, weather derivatives and plastics.

"Enron looks forward to providing EnronOnline customers access to Kiodex's Risk Workbench(SM)," said Andy Zipper, vice president for EnronOnline. "Providing liquidity, price transparency and risk management in commodity markets is the hallmark of EnronOnline and this agreement furthers that goal."

About Kiodex, Inc.

Kiodex, Inc. is a technology and services company that provides risk management and trading expertise to all commodity market participants through easily accessible web-based products. Kiodex's cost-effective and sophisticated risk management tools enable traders, managers, and corporate officers to easily and accurately understand, quantify and manage their risks.

The company's flagship product, the Kiodex Risk Workbench(SM), is integrated into the world's leading commodity transaction platforms, increasing the transparency of those markets by making risk management tools easily accessible. In September of 2000, Kiodex was selected from over 50 competing vendors to develop the order-matching engine for the New York Mercantile Exchange's new electronic trading platform, enymex(SM). For more information, please visit
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 2, 2001
Previous Article:UL Sets American National Standard for Infrared Thermometers Used in Food Applications.
Next Article:Sankyo Co. Ltd. Subscribes to Gene Logic's GeneExpress Database.

Related Articles
Warburg Pincus To Invest Up To $25 Million in Kiodex, Inc.; Risk Management Technology Company Secures Additional Funding.
Kiodex Launches Groundbreaking Web-Based Risk Application.
Eastman Chemical Company Selects Kiodex for Energy Risk Management; Fortune 500 Company Becomes First Kiodex Risk Workbench - SM - Customer.
American Airlines Selects Kiodex Risk Workbench To Manage Jet Fuel Price Volatility.
Union Pacific Railroad Selects Kiodex Risk Workbench For Fuel Risk Management; Largest U.S. railroad chooses Web-based solution to manage volatile...
Virgin Atlantic Airways Takes Off With the Kiodex Risk Workbench.
The Kiodex Risk Workbench Earns SysTrust Designation; Deloitte and Touche, LLP Confirms Adherence to SysTrust Principles.
Airline-Industry Companies Soar to New Levels of Risk Management Efficiency With Kiodex; Airline and Jet-Fuel Customers Capitalize on Web-Services...
SilverStream extend Workbench. (Software Tools).
Stone Bond Technologies Announces Strategic Alliance with Kiodex, Inc.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters