Interdealer broker ICAP has entered a global agreement for the implementation of Kalahari's derivatives pricing software k.A.C.E. at major offices worldwide.
Systems have already been implemented in London, Europe and New York, principally for use in interest rate derivatives and foreign exchange.
Lance Fisher, IT director, Europe and Asia, ICAP says: "We have been users of Kalahari's WinDiamond32 and Trio Arbitrage products for many years and have been watching with interest the development of Kalahari's replacement product k.A.C.E. Our intention is to not only replace these tools but also to look to use the toolkit approach this new product offers."