Travelex licenses TwoFour FX system
14 January 2008 | 1543 views | 0
TwoFour Systems today announced that Travelex will be using TwoFour as their global FX trading system.
Travelex, the world's leading global business payments specialist, recently completed the acquisition of Ruesch International, a premier provider of business-to-business global payment solutions. Travelex, which prides itself on having world class technology platforms, evaluated the TwoFour application as part of the acquisition. After comparing the functionality of TwoFour to its existing applications, Travelex chose to leverage TwoFour for FX trading in its Toronto, London, and Sydney offices. Travelex has also agreed to extend its usage of TwoFour to include position limit monitoring.
Ruesch had originally licensed TwoFour in 2005 because the business required a global solution to capture and manage its FX trades, and update its positions and P&L real-time, 24x7. Chris Davis, Director of Sales states, "Ruesch was the first TwoFour client, and we are delighted to support its expanded business. The fact that Travelex assessed TwoFour and decided to leverage TwoFour in its offices around the world further validates that TwoFour is the product of choice for premier organizations."