Inter-dealer broker Icap has extended its use of pricing software company Kalahari’s derivatives pricing system ‘Kace’ to its Singapore, Hong Kong and Sydney offices.Icap’s Sydney office will use the system to price forward-rate agreements, overnight index swaps, interest rate swaps and interest rate options. The Singapore and Hong Kong offices will use it to price foreign exchange options.
“Through the use of Kace we have a highly flexible and deeply functional tool that has the capacity to grow with our own business,” said Mark Webster, Icap’s Asia-Pacific and Middle East chief executive.
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