Sparrow selects kACE Pro for digital options risk analysis
kACE, a division of Fenics Software Limited, an entity within the BGC Partners, Inc (NASDAQ:BGCP) group of companies, has just announced that Sparrow Tech Private Limited has selected kACE Pro as its technology partner for modelling and risk analysis.
Sparrow will integrate kACE Pro’s extensive options maths libraries within its proprietary derivatives trading platform via the kACE open infrastructure.
John Crisp, Global Head of Product and Strategy at kACE, said,
“We are excited to be working with Sparrow, the first client to leverage our 30 years experience of delivering FX options solutions and applying it to the world of crypto currency options. This is a growing requirement from our existing customers and new clients such as Sparrow.”
Kenneth Yeo, Chief Executive Officer at Sparrow Tech Private Limited, commented:
“We selected kACE due to their provenance and expertise in FX options. Applying kACE Pro to our solutions will enable us to deliver the best technology to our clients. This will be the first step towards making Sparrow the most trusted partner for digital asset options.”
Sparrow is a major options trading platform. Headquartered in Singapore, Sparrow offers customizable options settled by smart contract in an intuitive and easy-to-use trading interface. It also provide professional traders with APIs for maximum performance. The company is backed by renowned organizations such as: Signum Capital, Hyperchain Capital, Kyber Network, LuneX Ventures, Arrington XRP Capital, Digital Currency Holdings, Du Capital, The Yozma Group, QCP Capital, 256 Ventures and Jubilee Capital.