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Kalahari Gains Four New Customers

Bayerische Landesbank, Standard Bank, Finacor and Scotiabank have all taken Kalahari’s analytical and price discovery software.

Bayerische Landesbank, based in Munich, has implemented the Kalahari Advanced Calculation Environment (Kace) price discovery system for pricing on its Eonia desk. Similarly, Finacor, a Paris-based brokerage, is using Kace for pricing Eonia’s, FRA’s and swaps. South Africa’s Standard Bank is also using Kace, in this instance for pricing emerging currencies, FRA’s and interest rate swaps. Canada’s Scotiabank is using WinDiamond32 and Trio Arbitrage for the pricing of short-term interest swaps.

Kace combines the pricing functions of WinDiamond32 with the arbitrage operations of Trio Arbitrage, and has more than 1,600 calculations imbedded into the system.

The signings follow Cantor Fitzgerald, which signed up to Kace for its Tokyo office at the beginning of May and Tullett & Tokyo Liberty, which implemented Kace on a global basis in mid-April.

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