BayernLB Munich Upgrades to Kalahari's kACE Pricing and Analytics Solution |
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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 kACE pricing and analytics application at BayernLB in Munich. kACE has been deployed on four desks at the bank to price Money Markets instruments. Commenting, a spokesperson at BayernLB Munich said: "We have been a customer of Kalaharis WinDiamond pricing tool for a number of years and see our upgrade to their kACE solution as a natural progression. kACE will offer us a whole host of additional features that werent available in WinDiamond. We are delighted with the excellent support we have received from Kalahari throughout the implementation of kACE." BayernLB is the seventh largest bank in Germany and was founded in 1972 through the merger of Landesbodenkreditanstalt and Bayerische Gemeindebank. The Banks trading and issuing operations BayernLB is one of the largest issues of bonds and securities in Germany are bundled in its "Global Markets" business area. The BayernLB Group is present in all the worlds major financial centres. Mark Holden, sales director EMEA, at Kalahari, said: "This upgrade to kACE underscores our commitment to provide both existing and new clients with a high quality and thorough service, and one source for their pricing and analytics requirements." kACE is the industry's leading real-time price discovery and analytics solution designed for enterprise-wide use at broking firms, banks and other financial institutions and corporations. With flexibility and control as the driving design principles, kACE gives traders the tools and the freedom to innovate and concentrate on what they do best calculate and effect the trading opportunity. - 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