21 April 2018

Icap Sydney commissions Kalahari for new pricing system

14 November 2005  |  1538 views  |  0 Source: Kalahari

Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 16 countries, today announced that ICAP, the world's largest inter-dealer broker, commissioned the company to build a new system to price Australian Dollar Interest Rate Derivatives.

The new pricing system, which includes data publishing, was built to the exact requirements of ICAP Sydney and was delivered in just two weeks, ready for the desk's go live date.

Commenting, Brad Ridge, CEO, ICAP Sydney said: "Once again, Kalahari has demonstrated its ability to develop bespoke pricing products to help us accelerate our time to market. Kalahari built, tested and installed the new pricing system in just two weeks, guaranteeing our readiness to trade from day one."

The new system was commissioned by ICAP plc (IAP.L) following the recent agreement between ICAP and Tullett Prebon, the inter-dealer broking business of Collins Stewart Tullett plc (CST), under which one of CST's two Sydney based interest rate teams transferred to ICAP. The team moved to ICAP's Sydney office at the beginning of October 2005. The team comprises staff from the former Prebon Group's operations, which was acquired by CST in October 2004.

ICAP is the world's largest voice and electronic inter-dealer broker. Following the recent acquisition of the BrokerTec fixed income securities businesses ICAP's average daily transaction volume is in excess of $1 trillion, 50% of which is electronic.

Graham Mansfield, director at Kalahari said: "This extended relationship with ICAP demonstrates how our customers are leveraging the power and flexibility of kACE. Kalahari is dedicated to helping customers face today's pricing, calculation, modelling and analytical challenges in the front office, and the results are evident in the bespoke development and adoption of our solutions and services on a global basis."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit https://aciworldwide.webex.comVisit http://wup.digitalVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
10449 views comments | 19 tweets | 26 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9805 views comments | 14 tweets | 19 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
9704 views comments | 18 tweets | 32 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8838 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
8319 views comments | 9 tweets | 10 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job