The new agreement follows the further deployment of Kalahariâs flagship pricing application, k.A.C.E.Â®, within Tullett.
The recent deployments are considered particularly successful because the pricing applications were custom-built to the end-users specifications entirely by Tullettâs own in-house developers using the developerâs tool-kit incorporated within the k.A.C.E.Â® suite.
Tullett has also expanded their utilization of k.A.C.E.Â® in the field of price and data collation for in-house distribution and publication to various data vendors. This comes after two years of proving the applicationâs versatility as the calculation engine for âFast Forward Direct", Tullettâs electronic FX transaction system.
Graham Mansfield, Deputy Managing Director, Kalahari Limited said:
"Weâre extremely pleased to announce the continuation and expansion of our relationship with such a long-standing and valued customer as Tullett & Tokyo Liberty. Weâre particularly happy with their successful use of the k.A.C.E.Â® development tool-kit as an in-house utility and look forward to justifying the trust and commitment that Tullettâs has shown in us and our software."
Tony Rooke, Technical Business Manager, Tullett & Tokyo Liberty plc said:
"Our new agreement with Kalahari is part of our continuing efforts to maintain and solidify our position as the leading global broker of prices and information. In an ever-changing market, we are reliant on software that is flexible and adaptable and we are delighted with the success weâve had using the tool-kit within k.A.C.E.Â® and the independence that it gives us to develop proprietary models."
k.A.C.E.Â® (Kalahari Advanced Calculation Environment) is an intelligent price discovery system. It is designed as a superior pricing tool for traders in banks, money broking firms, utility companies, corporations and other trading institutions.
With over 1600 calculations embedded into the system from the best maths library experts in the industry, along with Kalahariâs own libraries, k.A.C.E.Â® is capable of pricing the most complex financial instruments currently traded within the money and energy markets.