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CalForex goes live with TwoFour FX software

15 January 2014  |  1156 views  |  0 Source: TwoFour Systems

TwoFour Systems, LLC ("TwoFour"), today announced that Calgary Foreign Exchange, Inc ("CalForex") has gone "live" with TwoFour's Foreign Exchange ("FX") software solution to manage its FX front office and back office operations.

The transition to CalForex's live commercial use of TwoFour follows a highly collaborative implementation project between CalForex and TwoFour. With branches across Canada, CalForex offers a wide variety of FX services and financial products to corporate, institutional, and retail customers worldwide. TwoFour is a specialist provider of global real-time FX and Cash Management software for the financial services industry.

TwoFour's implementation provides CalForex users and clients increased efficiencies through automation and real-time trade processing.  CalForex now manages FX trades, real-time FX positions and P&L, FX risk, confirmations, and settlements through the software.  CalForex is looking to expand their FX business into the US and Europe and TwoFour's solution will support this global expansion.

"TwoFour's leadership and implementation team did an excellent job of partnering with our business managers to understand our business model and long-term goals and to adapt and implement TwoFour to our requirements," said Sam Ranieri, Vice President Corporate, for CalForex.

"TwoFour is very happy to have the opportunity to partner with CalForex to enhance their services and support their business growth," said Chris Davis, Co-Founder and Managing Director of TwoFour.

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