Kalahari Chosen for Rafferty's New US$ Derivatives Desk |
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Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 16 countries, today announced the deployment of their US$ derivatives pricing application on Rafferty Capital Markets new US$ Medium Term IRS desk in Garden City, New York. The desk, which began operations on 6th June 2005, also provides a seamless link to Rafferty's Government Bond desk. Kalahari's model calculates US$ IRS out to 50-years using a spread over the benchmark bonds and provides multiple bond hedges for each tenor. The application also calculates OIS, Butterfly Spreads and FRAs and displays the differences, hedges and arbitrage opportunities between those instruments. Commenting on the successful implementation of the model, Ray Pitts, Managing Director, Interest Rate Swaps, Rafferty Capital Markets LLC, said: "Starting a new business and being successful means staying focused on the task at hand. We chose Kalahari as much for the accuracy and reliability of their pricing applications as for their understanding of our business. They allow us to concentrate on what is important to us - looking after our customers." Nigel Weston, Director Americas, Kalahari Ltd. said: "We're very pleased to be a part of Rafferty's new venture and look forward to working closely with them as their business grows. Our US$ model, as with all our applications, demonstrates our commitment to provide a service of real and lasting value to our clients." - ends -
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Notes to Editors:
About Kalahari
Kalahari is a global provider of real-time price discovery, analytics and data publishing software solutions. For more than 20 years, Kalahari has been delivering real-time analytics to trading rooms around the world. Our products are tailored for financial market professionals working in the money, foreign exchange, fixed income, emerging and energy markets and are trusted by some of the world's leading institutions to help drive trading decisions across the markets. Our products have a reputation for accuracy, scalability and ease of use.
Additional information about Kalahari is available at www.kalahari.co.uk.
Forward-Looking Statements
This press release contains forward-looking statements relating to results of operations; product features and benefits; market penetration and market strategies. Such statements are made based on management's beliefs as well as assumptions made by, and information currently available to, management, pursuant to "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. While these statements reflect our best judgement, they are subject to risks and uncertainties that could cause a change in focus and direction.
For further information, please contact:
Kalahari Public Relations Manager
T: +44 (0)1483 756 246