INTL FCStone taps TwoFour for London operations

Source: TwoFour

TwoFour, a specialist provider of global real-time FX, treasury cash management, limit monitoring and order management solutions today announced that INTL FCStone has expanded its usage of TwoFour by selecting TwoFour to support its FX, precious metals and options trading business in London.

TwoFour's Limit Monitoring solution will also be used to provide traders with real-time pre-deal credit checks. INTL FCStone provides financial services in the precious metals, foreign currency and international equities trading markets and offers its customers instant entry to foreign markets with efficient and anonymous 24-hour access to all major and many exotic currencies.

A long-time client of TwoFour, INTL FCStone's Chicago-based offices use TwoFour's FX solution for FX business operations including trade processing, position management and risk management. Based on the success of the longstanding partnership, TwoFour was again chosen as INTL FCStone expands its London business to include FX, precious metals and options trading. TwoFour's feature rich, workflow-based and highly configurable FX solution will allow INTL FCStone's London traders to capture all manually input and electronically interfaced FX, precious metals and options transactions, integrate market data, update P&L, and manage positions and risk - all in real-time. London will trade precious metals, all currency pairs and currency options and will leverage TwoFour to effectively manage their business. INTL FCStone London expects to be in production with TwoFour in Q4 of 2011.

"TwoFour has been a reliable partner for INTL FCStone and has consistently met our changing business needs over time," said Alex MacKinnon, European Head of FXPB. "TwoFour was chosen in the U.S based on its reliability, scalability, flexibility and industry expertise and these are the same principles that have guided our decision as we expand our London trading business. We expect to see a significant uplift in London trading and are confident that TwoFour will be able to provide the support we need to manage this growth. "

"We are pleased to expand our relationship with yet another one of our clients," commented Chris Davis, co-founder and global head of sales at TwoFour."Our clients understand the real value of our solutions and INTL FCStone's decision to expand their usage on a global scale reflects our ability to provide client-focused, technically advanced, work-flow based solutions specifically designed to meet, not only immediate challenges, but to support longer-term strategic objectives. We look forward to a continued partnership with INTL FCStone helping to achieve their goals in this new market." 

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