Securities Unit is leveraging TwoFour for Agency-Based Front-to-Back FX Operations
TwoFour Systems, LLC (“TwoFour”), today announced that a market leading global capital markets investment bank has gone “live” with TwoFour’s Foreign Exchange (“FX”) software solution to expand its presence with agency-focused front-to-back office operations for FX. TwoFour’s solution is deployed in the client’s Cloud Computing environment and is initially being used by the firm’s North American-based users. The client has offices and trading desks in all major financial centers throughout the world. TwoFour is a specialist provider of global real-time FX and Cash Management software for the financial services industry.
TwoFour’s implementation provides the client with aggregated position management, reconciliation, trade averaging and linking tools that streamline operations across their brokerage business. Transactions are aggregated from multiple sources onto TwoFour’s platform which then connects to multiple prime brokers. TwoFour was adapted to the client’s business model using the configurable aspects of TwoFour’s software. TwoFour’s software provides user-configurable workflow management, reporting, interfacing, and screen design.
“TwoFour is very excited to partner with such a prestigious firm to support the growth of their agency FX business. TwoFour’s ability to provide tremendous flexibility that can be easily adapted to meet the business requirements of our clients continues to allow us to partner with diverse clients for growth,” said Chris Davis, co-Founder and Managing Director of TwoFour.