TwoFour adds interest rate swap functionality

Source: TwoFour

TwoFour, a leading provider of global trading solutions, today announced the addition of interest rate and currency swap functionality in its coverage of derivatives.

TwoFour's interest rate and currency swap functionality makes it easier and more efficient to manage portfolios containing a broad range of financial instruments, including foreign exchange and over-the-counter (OTC) derivatives. TwoFour automatically captures interest rate swap activity, updates relevant cash flows in real time, calculates and displays profit/loss, and triggers confirmations, settlements, accounting, and reporting according to configurable business rules.

TwoFour offers both vanilla interest rate swaps and cross-currency swaps, using industry standard financial analytics for valuing asset swaps. TwoFour also provides the flexibility to access any valuation API, enabling organizations to use their preferred methodology. TwoFour is designed to support additional derivatives and functionality, and will continue to partner with customers to extend the new offering.

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