Garban to Price Mexican IRS Using Kalahari's kACE |
|||||
 |
|
|
|
|
|
|
Kalahari Limited has developed and installed a Mexican Peso Interest Rate Swap model of its pricing application k.A.C.E at Garban Capital Markets LLC in New York and SIF/Garban Intercapital in Mexico City. This is part of Kalahari's global agreement with ICAP plc to supply pricing software to all its major offices (see September 4, 2001 press release). Philip Moody, Executive Vice President, Garban Capital Markets LLC said "Kalahari's pricing model helped us significantly in our efforts to break into the Mexican IRS market. We look forward to utilizing the flexibility of the application as this market matures and Garban's share grows within it." Nigel Weston, Director - Americas, Kalahari Limited said "We are very pleased to be part of Garban's expansion into the Mexican IRS market. We look forward to having a continuing role in their success in this and other fields." k.A.C.E (Kalahari Advanced Calculation Environment) is an intelligent price discovery system. It is designed as a superior pricing tool for traders in banks, money broking firms, utility companies, corporations and other trading institutions. With over 1600 calculations embedded into the system from the best maths library experts in the industry, along with Kalahari's own libraries, k.A.C.E is capable of pricing the most complex financial instruments currently traded within the money and energy markets. |
|||||
|
|
|
|
|
|
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