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Sparrow Tech Private Limited selects kACE Pro for Digital Options Pricing & Risk Management

Press release content from PR Newswire. The AP news staff was not involved in its creation. Sparrow Tech Private Limited selects kACE Pro for Digital Options Pricing & Risk Management December 17, 2020 GMT LONDON, Dec. 17, 2020 /PRNewswire/ kACE, a division of Fenics Software Limited, an entity within the BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC” or the “Company”) group of companies, announced today that Sparrow Tech Private Limited (“Sparrow”), a Singapore headquartered company that offers digital asset options solutions, has selected kACE Pro, the award winning provider of FX options solutions1, 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.

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