Interdealer broker Icap is to extend the use of Kalahari's pricing, analytics and decision support software, Kace, to its operations in Singapore, Hong Kong and Sydney.
Icap currently uses Kace at office throughout Europe and North America.
Under the new deal, Icap will use Kace at its Singapore and Hong Kong offices for Asean options pricing for multiple currencies including the Singapore, Taiwanese and Hong Kong dollars as well as the Korean Won.
The system will also be used at the broker's Sydeny office for foreign exchange and interest rate derivatives pricing for Australian, New Zealand and US dollars, encompassing FRAs, overnight index swaps, interest rate swaps and interest rate options.
Mark Webster, chief executive, Icap Asia Pacific and Middle East, says: "Through the use of Kace we have a highly flexible and deeply functional tool that has the capacity to grow with our own business."