Garban licenses Kalahari for price discovery

Garban licenses Kalahari for price discovery

UK-based 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 in New York and SIF/Garban Intercapital in Mexico City.

k.A.C.E. (Kalahari Advanced Calculation Environment) is an intelligent price discovery system for traders in banks, money broking firms, utility companies, corporations and other trading institutions.

Philip Moody, executive vice president, Garban Capital Markets, says: "Kalahari's pricing model helped us significantly in our efforts to break into the Mexican IRS market. We look forward to utilising the flexibility of the application as this market matures and Garban's share grows within it."

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