Press Releases
TwoFour Expands its Derivatives Coverage and Improves Time to Market with FINCAD Analytics
Vancouver, New York & London - September 21, 2009
FINCAD, the leading global provider of derivatives analytics, today announced that TwoFour has embedded the latest version of its derivatives analytics library into its global trading system. TwoFour, a leading provider of treasury, FX and cash management solutions, recognized the opportunity to differentiate its client offering with FINCAD's advanced derivatives analytics.
TwoFour has experienced strong growth in volumes of over-the-counter (OTC) derivatives - particularly in FX and interest rates - and recently benchmarked 4,000 cash flows per second on the TwoFour System. Using FINCAD as a third party analytics solution, TwoFour was able to greatly reduce its time to market for the provision of derivatives analytics. As a member of the FINCAD Alliance Program, TwoFour is using FINCAD's financial derivatives expertise and analytics software to improve its customer experience and meet critical client needs through increased user efficiency and productivity.
"FINCAD's low total cost of ownership and easy development tools made it the ideal derivatives analytics solution to embed in our high performance trading system. Our clients can now price their OTC FX options and generate risk statistics for up to 1,000 transactions a second," said Chris Davis, co-founder of TwoFour. "By using FINCAD's industry standard and market-tested financial models, the analytics in TwoFour are now transparent and more reliable."
"We are pleased with TwoFour's increasing success in bringing a more flexible and adaptable trading system to market through its expanded derivatives coverage and improved speed with the integration of FINCAD analytics," said Amar Budhiraja, Director, FINCAD Alliance Program. "With the growing demand for integrated derivatives analytics in trading and investment management systems, we look forward to contributing to TwoFour's continued growth and supporting its use of FINCAD's analytics library."
For more information on how TwoFour uses FINCAD, download the case study.
About FINCAD
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. www.fincad.com
About TwoFour
TwoFour is a provider of 24x7 global technology and consultancy solutions for treasury and capital markets. Its management team has more than 22 years of experience in financial services technology, serving the world's leading institutions. Established in 2002 and headquartered in New York, TwoFour is privately held with more than 135 employees across two continents. The company has achieved year-on-year growth since its inception and its client portfolio comprises large banks, brokerage firms and financial institutions that operate on a global scale. www.twofour.com
About the TwoFour System
The TwoFour System is a global, workflow-based transaction processing solution for front, middle and back office processing across multiple asset classes. Proven to handle 4,000 cash flows per second and millions each day, the solution enables real-time, high volume trading - around the clock. Further strengthened by the deep domain expertise of its Consulting division, the TwoFour System is 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, the software uses the latest technologies, including C# and Microsoft's .NET framework, to ensure the highest levels of scalability and flexibility. For further information visit:
http://www.twofour.com/solutions_tradingPlatform.aspx
Media Contact:
Armita Seyedalikhani
FINCAD
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
www.fincad.com
