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TwoFour reports limit modelling contract win

13 October 2009  |  1452 views  |  0 Source: TwoFour

TwoFour, product and services provider of treasury, FX and cash management solutions, today announced that the leading provider of financial services to institutional investors has selected its solution for limit modeling.

The financial institution, which has a global presence and is headquartered in the United States, has seen its assets under management soar by almost 300% in 2008 to $1.4 trillion, and required a robust, scalable system able to manage further increases in transaction volumes and drive down risk.

This financial institution required a solution that would enable it to significantly increase activity flow to better serve its client base. The financial institution selected TwoFour due to its ease and speed of deployment and its support for real-time, high volume trading. It will use the TwoFour System to support its operations in Asia, Europe and the United States.

Chris Davis, co-founder of TwoFour commented: "With an increased focus on risk management, time is of the essence; near-time is no longer good enough for tier one institutions - real-time analytics is essential for both limits monitoring and trading. Being selected by an institution of this scale and reputation to replace existing legacy technology is a further accolade to the strength of our technology, which has been designed from the bottom up with today's financial institutions in mind. We strive to help our clients gain a competitive edge by constantly developing our technology to better serve evolving client needs."

In its limit modeling capacity, the TwoFour System will be replacing a legacy application, which is no longer capable of handling the rising transaction volumes of this institution or providing analytics in real-time. The TwoFour solution will be used by traders and compliance committees to monitor settlement, and pre-settlement limits - for customers, customer groups and countries.

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