New York – March 27, 2012 – TwoFour, a specialist provider of global real-time FX, cash management, limit monitoring and order management solutions today announced that the global wealth management group of a leading investment bank has gone live with TwoFour. TwoFour’s FX and OMS solution processes all FX-related orders, manages trade capture of the executed orders, and provides position keeping management for this activity across thousands of financial advisors at trading locations in multiple cities throughout the Americas, EMEA & AsiaPacific.
Based on a longstanding existing relationship and trust in the resiliency of TwoFour’s solutions, the client looked to TwoFour to overhaul the technology used by its global wealth management group. The new global solution enables the client to capture and manage FX and FX option orders, process executed orders as trades, and update positions and P&L in real-time. TwoFour was able to not only meet system requirements for today and the future, but had the flexibility to quickly and easily integrate with the client’s platforms and structure with no disruption to the daily business operations. The result was an efficient implementation of an easy-to-use, functionally rich solution that provides the group’s financial advisors more insight into real market prices and quicker execution for their clients.
“TwoFour is always committed to finding the most effective solutions to ensure our client’s specific business needs and goals are met,” said Chris Davis, co-founder and global head of sales at TwoFour. “The new technology provides better real-time information around rates, execution and status of orders so advisors can quickly react to changes and make better choices for their clients. We are very pleased to support the expanding business of the global wealth management group.”
Additional features and benefits of TwoFour’s order management solution include support for a multitude of FX, FX Option Market Order and Limit Order types, manual pricing, auto-pricing, auto back-to-back functionality, support for benchmarking and loops, order ladders, real-time order blotters and global order book management. All of TwoFour’s solutions feature highly customizable data views, screen layouts, blotters, rules-based workflows and extensive reporting capabilities that empowers sales, trading, risk management and operations staff to precisely use the solution according to their needs.
About TwoFour Systems
TwoFour offers highly scalable and flexible workflow-based transaction processing software solutions for FX and cash management. All TwoFour products enable real-time transaction management – around the clock and are used by leading financial services organizations to improve speed and agility, enable better decision-making, reduce risk and drive down costs. Designed for quick implementation and integration, TwoFour’s solutions leverage the latest technologies, including C# and Microsoft’s. NET framework, to ensure the highest levels of scalability and flexibility. For more information, please visit the ‘Software Solutions’ section at www.TwoFour.com.
About TwoFour Consulting
TwoFour Consulting provides comprehensive application development and operations optimization services using its deep financial services domain expertise and technology leadership. Complemented by the company’s in-house development capabilities, TwoFour Consulting enables firms to reduce risk and drive down costs. Its experienced staff help firms develop and optimize technology and meet stringent regulatory demands. TwoFour Consulting delivers trusted, tailored advice enabling clients to stay ahead of a rapidly evolving global market. For more information, please visit the ‘Consulting’ section on TwoFour’s website at www.TwoFour.com.
About TwoFour Foundation
TwoFour Foundation is a rapid development solution that offers a robust .Net and C#-based core architecture that can serve as a foundation to facilitate and accelerate the building, delivery and implementation of any new system across any industry. TwoFour Foundation acts as a development catalyst, boosting and improving numerous stages of the development process, allowing start-up development projects to leverage proven system components that are at the heart of mature software applications and allowing developers to focus on building functionality that is essential and unique to the specific business. Foundation has been leveraged in the financial services, healthcare, and customer relationship management verticals. For more information, please visit the ‘TwoFour Foundation’ section at www.TwoFour.com.