UK-based Kalahari Limited has won a contract with inter-dealer broker Tullett and Tokyo Liberty to install its K.A.C.E. price discovery system throughout the company's global operations.
The system is being developed for several different areas, according to specific requirements, before implementation. Since signing the contract, K.A.C.E. is already being used as a publishing engine for data sales, collating prices from the brokers' desks and publishing to both data vendors and internally. The product is also being used on the company's capital markets and fixed income desks.
Development for other sections of the project is still in progress, and implementation will take place later on in the year.