kACE Pro Selected by Sparrow Tech Private Limited as Technology Partner

kACE, a division of Fenics Software Limited, a desktop and analytical technology provider for OTC derivatives markets, announced today that Sparrow Tech Private Limited ("Sparrow") has selected kACE Pro, its award winning provider of FX options solutions, as Sparrow's 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.

Headquartered in Singapore, Sparrow focuses on offering digital asset options solutions. Fenics Software Limited is an entity within the BGC Partners, Inc. (NASDAQ: BGCP) group of companies.

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." 

"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," said Kenneth Yeo, Chief Executive Officer at Sparrow Tech Private Limited. "This will be the first step towards making Sparrow the most trusted partner for digital asset options."