TwoFour reports Man Financial contract
22 May 2007 | 1249 views | 0
TwoFour is pleased to announce that Man Financial Limited, the brokerage division of Man Group plc has licensed TwoFour for its Treasury business in Europe and North America.
Man Financial will use TwoFour to manage its global foreign exchange, money market, cash management, exchange traded futures and options as well as OTC options. TwoFour and Man Financial will work to jointly develop additional functionality for Fixed Income and Interest Rate Swaps.
Colin Brumpton, London Treasurer at Man Financial Limited said, "We needed an application that supported multiple entities for our central Treasury funding and trading positions. TwoFour's multi-currency, cross-asset, end-to-end trading solution will help us manage our Treasury business and provide 24 x 7 realtime position keeping."
Man Financial is one of the world's leading providers of brokerage services. It has offices in key financial centers and acts as a broker for both institutional and private clients.
Chris Davis, TwoFour's global head of sales and marketing, stated, "We are pleased to be part of Man Financial's investment in its future Treasury platform. In rationalizing its technology environment, Man is actively addressing a problem faced by many trading organizations. Their decision to move forward with TwoFour is a measure of our accomplishment as a provider of solutions to the financial industry."
"We understand Man Financial's business and look forward to a long partnership with them that will benefit both of our companies. Providing exceptional service to our clients is a priority at TwoFour."