Kiodex teams with Reuters in Asia and Latin America

Reuters is to market the Risk Workbench platform of New York-based technology company Kiodex to its commodities and energy customers in Asia, Latin America and the Caribbean.

“This alliance is a landmark for Kiodex,” said Joachim Emanuelsson, the company’s vice-president of strategic planning. “Reuters has a huge customer base and this deal will allow us to leverage our existing network of clients.” Kiodex is hoping to expand the agreement beyond the initial three geographical markets, he added, but declined to comment on the length of the agreement or its terms.The company has several other domestic alliances in place, but this is its first international deal. Kiodex is also expanding its coverage of asset classes, with a foreign exchange product due to launch in December and other products slated for 2003. “Geographically, our goal is to be global,” said Emanuelsson.Kiodex’s Risk Workbench is used by corporations to manage commodity price and currency risk. It claims to be the only commodities risk management platform to integrate complete deal capture, proprietary valuation models, risk reports and independent market data. The company’s existing clients include Virgin Atlantic Airways, Union Pacific Railroad and energy companies Cinergy and Mirant.