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BAYERNLB MUNICH UPGRADES TO KALAHARI’s kACE PRICING AND ANALYTICS SOLUTION

Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 16 countries, today announced the deployment of their kACE™ pricing and analytics application at BayernLB in Munich. kACE has been deployed on four desks at the bank to price Money Markets instruments.

Commenting, a spokesperson at BayernLB Munich said: "We have been a customer of Kalahari’s WinDiamond pricing tool for a number of years and see our upgrade to their kACE solution as a natural progression. kACE will offer us a whole host of additional features that weren’t available in WinDiamond. We are delighted with the excellent support we have received from Kalahari throughout the implementation of kACE."

BayernLB is the seventh largest bank in Germany and was founded in 1972 through the merger of Landesbodenkreditanstalt and Bayerische Gemeindebank. The Bank’s trading and issuing operations – BayernLB is one of the largest issues of bonds and securities in Germany – are bundled in its "Global Markets" business area. The BayernLB Group is present in all the world’s major financial centres.

Mark Holden, sales director EMEA, at Kalahari, said: "This upgrade to kACE underscores our commitment to provide both existing and new clients with a high quality and thorough service, and one source for their pricing and analytics requirements."

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.