ICAP Sydney Commissions Kalahari To Build Pricing System To Calculate Interest Rate Derivatives

Kalahari, which provides price discovery and analytic solutions to financial and energy trading institutions, announced that inter dealer broker ICAP commissioned the company to build a new system to price Australian dollar interest rate derivatives. The new pricing system, which

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Kalahari, which provides price discovery and analytic solutions to financial and energy trading institutions, announced that inter-dealer broker ICAP commissioned the company to build a new system to price Australian dollar interest rate derivatives.

The new pricing system, which includes data publishing, was built to the requirements of ICAP Sydney.

“Once again, Kalahari has demonstrated its ability to develop bespoke pricing products to help us accelerate our time to market,” said Brad Ridge, CEO at ICAP Sydney. “Kalahari built, tested and installed the new pricing system in just two weeks, guaranteeing our readiness to trade from day one.”

ICAP commissioned the new system following the recent agreement between ICAP and Tullett Prebon, the inter-dealer broking business of Collins StewartTullett plc (CST), under which one of CST’s two Sydney based interest rate teams transferred to ICAP.

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