-- Customers use new model to help drive more accurate pricing --
Global . 14th June, 2005. Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 15 countries, today announced that customer adoption of US$ OIS pricing model is proceeding at an accelerated pace throughout the financial services marketplace as customers use the new pricing model to help drive more accurate pricing and customer retention in this market.
Since the launch of the company’s new model for US$ OIS pricing in January 2005, more than 7 customers in 6 cities around the world have licensed the product, with a further 6 banks, brokers and other institutions currently trialing the new model.
"We are extremely pleased with the significant adoption of our new $US OIS pricing model in such a short space of time." said Peter Trenier, Managing Director, Kalahari. "The wide uptake of our new model further validates the success and value proposition of our flagship product kACE."
kACE is the industry’s leading real-time price discovery and analytics solution designed for enterprise-wide use at broking firms, banks and other financial institutions and corporations. With flexibility and control as the driving design principles, kACE gives traders the tools and the freedom to innovate and concentrate on what they do best – calculate and effect the trading opportunity. With built-in flexibility that enables traders to create customised mathematical models quickly and easily, functions created in applications such as Excel can be seamlessly incorporated into kACE, combined with resident calculations from the world’s leading maths libraries, and the results published across the network. kACE collects real-time prices from all the major data platforms. Data can be analysed in two and three dimensions and in both numerical and graphical formats allowing traders to view the information in any way they want.