Kalahari Launches Interest Rate Options Pricing System for Asia Pacific Region |
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-- ICAP Singapore and Sydney becomes first to sign-up --
The new pricing model gives customers the ability to price Swaptions, Caps & Floors and Amortising/Roller Coaster Caps and Floors in an assortment of European & Asian currencies. Specifically, the Asian currencies covered include: Japanese Yen; Australian Dollar; New Zealand Dollar; Korean Won; Taiwanese Dollar; Chinese Renminbi; Hong Kong Dollar; Singapore Dollar; Thai Baht; Malaysian Ringitt; Indonesian Rupiah; U.A.E. Diram and Indian Rupee. G7 currencies can also be added to the Asian Model meaning that customers need sign-up to one pricing system only. The pricing grids allow Straddles/Strangles strategies to be priced. The system also makes use of volatility grids across all the currencies in the system with the added ability to model a smile in the Caps & Floors pricing screens. Graham Mansfield, Managing Director at Kalahari said: An efficient engine to price instruments and distribute prices to clients is essential. This new model provides a fast and transparent pricing approach that performs accurately, consistently and quickly in the fast-changing world of global markets. We are delighted that ICAP are the first to use our new Asian Interest Rate Options model to help them drive accurate pricing and customer retention in the Asia Pacific region. This newly released model complements the existing analytic capabilities of Kalaharis flagship product, kACE. kACE is the industrys 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. - ends - |
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Notes to Editors:
About Kalahari
Kalahari is a global provider of real-time price discovery, analytics and data publishing software solutions. For more than 20 years, Kalahari has been delivering real-time analytics to trading rooms around the world. Our products are tailored for financial market professionals working in the money, foreign exchange, fixed income, emerging and energy markets and are trusted by some of the world's leading institutions to help drive trading decisions across the markets. Our products have a reputation for accuracy, scalability and ease of use.
Additional information about Kalahari is available at www.kalahari.co.uk.
Forward-Looking Statements
This press release contains forward-looking statements relating to results of operations; product features and benefits; market penetration and market strategies. Such statements are made based on management's beliefs as well as assumptions made by, and information currently available to, management, pursuant to "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. While these statements reflect our best judgement, they are subject to risks and uncertainties that could cause a change in focus and direction.
For further information, please contact:
Tina Snelling
Kalahari Public Relations Manager
T: +44 (0)1483 756 246
For further information please contact:
Tina Snelling
+44 (0)1483 756246