6 March 2006, New York: TwoFour Systems today announces a strategic partnership with Logicscope. TwoFour Systems is proud to announce that it has become a participant in the Logicscope Vendor Partner Program. The benefits of the partnership and the combined product set will provide improved connectivity across the global FX markets.
The joint solution delivers deal data via Logicscope’s TradeSTP into TwoFour Systems’ workflow based, trade processing system, TwoFour. With TradeSTP increasingly being used as an integration platform for various e-commerce trading venues, clients of the solution are able to streamline trade processing, reduce reconciliation and manual errors and allow traders and management to focus on more value added responsibilities.
Nick Dyne, CEO and founder of Logicscope, commented, "We are very excited about the arrangement with TwoFour. They have only just come to market with TwoFour and are already creating a great deal of interest in the banking and brokerage community. There is a logical fit of the companies’ solutions, and together they provide optimal connectivity for the FX markets that will lower operational risk and eliminate duplicate trade capture and manual input for our clients."
Chris Davis, director of Marketing and Sales at TwoFour Systems, said, "We look forward to a long and successful relationship with Logicscope. Our partnership allows both companies to focus on what we do best: Logicscope with its connectivity and TwoFour with its trade processing, position keeping, risk management and post execution processing."
TwoFour joins Wall Street Systems, Velocity International, Cameron Systems and Forex Manage in the Logicscope Vendor Partner Program, which was first announced in September last year. The program was set up to maximize connectivity to electronic FX trading venues within the FX and related markets. The partnership between TwoFour Systems and Logicscope provides the added benefit of pre-installation readiness.