Global real-time FX provider, TwoFour, has started providing services to a large institutional firm. TwoFour has rolled out a full front, middle and back office solution to be used for FX and FX options processing to handle the average 5,000 trades per day. The group has replaced the existing system with TwoFour as it needed improved STP, a software solution to support deal capture of FX spot, forwards, swaps, FX options and NDFs. TwoFour will perform risk and credit analysis, provide P&L analysis and reporting as well as supply trade confirmation, allow to trade new instruments, eliminate errors from manual processing and cut costs.
Click here for the release from TwoFour.