TwoFour Systems announces FIMAT has licensed TwoFour

White Plains, NY –TwoFour Systems, is proud to announce that the FIMAT Group will use the TwoFour product as its global position and risk management system for FX and futures. FIMAT required a global, real-time application for currency risk management. TwoFour will support FIMAT’s trading rooms in the United States, Europe and Asia with its cross product trading solution TwoFour. TwoFour will provide FIMAT’s currency trading desks with realtime trade processing, position keeping and risk management.

FIMAT, one of the world’s largest futures commission merchants and institutional brokerage firms, evaluated many trading and risk management systems. “We chose TwoFour because of its robust functionality and ease of use. The people at TwoFour understood our business and configured their blotters during the demonstration to meet some of our specific requirements. Other vendors told us it would take months to make the same changes,” said Ryan Schiff, global head of FX trading.

John Feeney, head of product development at TwoFour states, “TwoFour’s flexible, realtime cross product blotters allow clients to configure summary views of positions. Details of any summary view are easily accessed by simply selecting the position and drilling down to view the activity that created the position. Sensitivity analysis and realtime market data feeds give users a live view of their activity in TwoFour’s position blotters. TwoFour’s blotters support aggregation, dimension analysis, flexible bucketing, and easy to use grouping of data elements.”

FIMAT states that it was looking for a 24 X 7 global solution from an experienced provider that would significantly lower their annual costs. TwoFour’s configured solution met these requirements and will only take a couple months to implement. TwoFour Systems Managing Director Chris Davis, states, “We are very excited to be working with FIMAT. TwoFour’s cross product blotter will let FIMAT’s traders manage their global futures and FX business more efficiently.”

TwoFour’s business focus is to provide its clients with the ultimate experience which TwoFour views as STP2 - service, technology, people and product.

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