TwoFour Systems announces another client has licensed TwoFour

White Plains, NY - 3 October 2006

TwoFour Systems, www.TwoFour.com, is proud to announce that a US bank with a growing international presence has licensed the TwoFour product as its global FX and Money Market front to back office processing system. TwoFour will support their trading rooms in the United States and Asia with its cross product trading solution.

John Feeney, head of product development at TwoFour states, “TwoFour’s flexible, workflow based application provides an integrated front to back office solution. This is the first client that will utilize TwoFour’s SWIFT messaging functionality. In addition, they will track customer credit, position limits and country exposures using TwoFour’s limit monitoring capabilities.”

The bank was looking for a robust solution from an experienced provider that would significantly lower their annual costs. TwoFour Systems Managing Director Chris Davis, said, “This licensing of TwoFour is a significant win for us. The bank evaluated many other providers in this space and chose TwoFour. This license adds to TwoFour’s expanding position in the Banking, Brokerage and Corporate sectors of the financial markets.”

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