Lloyds TSB Corporate Markets will use SunGard’s Kiodex to support its growing commodity business for its clients. Lloyds TSB Corporate Markets provides trading and risk services for precious metals, London Metals Exchange (LME) base metals, crude oil and refined petroleum markets. Kiodex is a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting and independent market data. The SunGard solution will be used by Lloyds TSB to support 20 instrument types and 1,400 distinct commodities. Kiodex also provides the ability to demonstrate the profit and loss and risk impacts of not entering into transactions to hedge commodity price risk. Lloyds TSB plans to use this functionality in conjunction with other software tools to provide its clients with a comprehensive suite of hedge effectiveness testing for fair value and cash flow hedges, across asset classes, on all of its client solutions.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.