Usage Will Streamline Front-to-Back Foreign Exchange Operations
TwoFour, a specialist provider of global real-time FX and Cash Management software solutions for the financial services industry has announced that ITG Inc. (“ITG”) has licensed TwoFour FX to manage its Front-to-Back FX Operations. ITG offers FX Dealing Services globally and supports more than 21 currencies leveraging top-tier interbank relationships.
After a thorough evaluation of the market’s FX solution providers ITG has selected TwoFour FX for its high-volume trade processing capabilities. ITG was searching for a solution to support a new line of FX business and to manage their current foreign exchange transactions resulting from their equity algorithmic trading systems. TwoFour’s ability to provide real-time position management for ITG’s current environment as well as a scalable and flexible solution to support ITG’s long-term plans for growth were key factors in the selection of TwoFour.
“TwoFour offers a scalable and flexible solution that supports our current business requirements and that easily adapts to changing requirements as our business evolves,” said Jamie Selway, Head of Electronic Brokerage at ITG.
“We are always excited to support institutions focused on adaptable solutions to manage their growth. TwoFour’s abilities are gaining significant recognition across the industry, not only for our ability to deliver performance at low cost, but for our software’s ability to meet changing business requirements whether they be volume, user, or workflow-related,” said Chris Davis, co-founder of TwoFour. “We continue to invest in our solutions and to evolve with the latest proven technologies. This internal investment yields a competitive edge which our customers recognize. TwoFour consistently delivers scalable solutions quickly and at relatively low costs when compared to our competitors.”