TwoFour, a leading provider of global real-time order management, FX, treasury cash management and limit monitoring solutions today announced that the global wealth management group of a leading investment bank has selected TwoFour to manage its global foreign exchange, options orders and positions.
All FX related orders for the group's thousands of financial advisors will be processed by TwoFour's Global FX solution.
Based on a longstanding existing relationship and trust in the resiliency of TwoFour's technology, the institution looked immediately again to TwoFour for a solution when initializing the revamp of its global wealth management group. The client needed a global solution to capture and manage their FX and FX derivative orders, process executed orders as trades, and update positions and P&L in real-time -- a project very similar in scope to that of the initial deal with the client. However, there were some distinguishing factors in this case. For one, a key element was that TwoFour would be replacing an existing system and bringing in new lines of business. In addition, it would have to have to be flexible enough to integrate with an in-house portal that will help to support the large amount of advisors using the technology.
"Today's complex landscape dictates that we use the very best technology tools available to manage and protect client investments, and we know from experience that TwoFour's solutions deliver on that, said a senior Director at the firm "The technology combined with fast implementation and TwoFour's willingness and ability to seamlessly integrate where need be made us very confident in our selection process."
"This deal introduces TwoFour to an exciting new group and broadens our existing relationship with the client," said Chris Davis, co-founder and global head of sales at TwoFour. "Increasing our partnership with a tier one investment bank that processes tens of thousands of trades underscores TwoFour's ability to handle increasing volumes and to meet the sophisticated needs for premier organizations."
Some of the features and benefits of TwoFour's OMS include FX and FX option market order types, manual pricing, auto-pricing, auto back-to-back functionality, real-time order blotters and global order book management. As with all TwoFour's solutions, the OMS is built upon a robust workflow processing engine that allows for rules-based workflows to be configured based on client-specific needs.