Tradition Sydney Opts for kACE From Kalahari

Kalahari, a global provider of real-time analytic solutions and strategic consulting services to financial and energy trading institutions, in over 15 countries, today announced that Tradition (a subsidiary of Compagnie Financière Tradition) has selected Kalahari's flagship pricing and analytics solution, kACE, for Interest Rate Swaps, Forward Rate Agreements and Overnight Index Swaps pricing at its broking operation in Sydney.

Tradition Sydney, a brokerage service for banks and other institutional clients around the world will use kACE as its primary price discovery and analytics tool.

Commenting on the deal, Adam Husband, manager, capital markets at Tradition Sydney said: "Our priority was to partner with a solution vendor with extensive broking expertise, strong local support, and a solution that can meet our present and future requirements. Kalahari's kACE is the right choice for us."

kACE will deliver extended pricing and analytics capabilities for Interest Rate Swaps, Forward Rate Agreements and Overnight Index Swaps for multiple currencies including: Australian Dollar, New Zealand Dollar and US Dollar.

Graham Mansfield, executive director, Kalahari comments: "We are delighted that Tradition has chosen us for their operation in Sydney. Their selection of kACE confirms the solution's business and technological advantages, and will enable Tradition to truly enhance its broking efficiency and levels of customer service."

With over 1600 calculations embedded in the system from the best maths library experts in the industry (FinancialCad and Financial Engineering Associates), along with Kalahari's own libraries, kACE is capable of pricing the most complex financial instruments currently traded within the financial markets. kACE captures real-time data from a number of diverse sources and massages that data into a common, useable format. kACE creates an environment of control for every level within the dealing room, ensuring that a firm's traders/brokers are using the same basis for their calculations.