(PRWEB) December 7, 2005
Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 16 countries, today announced that Rabobank International has signed an agreement to deploy kACE™, the pricing, calculation and analysis tool for global traders, on their short Sterling desk in London.
kACE will provide the short-sterling trader with the flexibility to create customised mathematical models quickly and easily. Functions that have been previously created through internal systems and spreadsheets, such as Excel, will be seamlessly incorporated into kACE, along with kACE’s own resident calculations. Using kACE, the trader will be able to analyse data in two- and three-dimensions and in both numerical and graphical formats and will then be able to view the information in any way required.
Rabobank Group is an umbrella body for more than 400 autonomous co-operative banks and is one of the strongest financial institutions in the Netherlands. It provides services to the six million individuals who are retail customers and to the business clients of the co-operative banks. Rabobank works with a strong balance sheet, supported by total assets of EUR 402 billion, a Group equity of EUR 22 billion and a ranking in the top 30 largest banks by Tier 1 net worth/capital.
Commenting, Nic Poole, sterling trader at Rabobank said: “Kalahari’s long-standing reputation in the industry and their ability to offer extended pricing and analytical functionality were integral to my decision. I have high expectations for its functionality and the positive contributions that it will make in pricing short Sterling.”
Mark Holden, sales director EMEA, of Kalahari said: “To be selected by a top-tier bank underlines the continuing excellence of our flagship product, kACE, and the value placed on it in the financial markets.”
Kalahari is a global provider of real-time price discovery and analytic solutions to financial and energy institutions. For over 15 years, Kalahari has been delivering desktop analytics to trading rooms around the world. The company uses the common infrastructure of its market-leading kACE solution to build bespoke desktop applications to support traders in different market sectors. In addition, kACE provides the openness clients need to enhance functionality to meet future requirements.
Kalahari has offices in the UK and USA and enhances its market coverage through a number of strategic alliances, including: Telerate, FINCAD and BlueStar Infotec. Additional information about Kalahari is available at http://www.kalahari.co.uk.
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.
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