FINCAD, the leading provider of derivatives analytics, today announced that TwoFour has embedded the latest version of its derivatives analytics library into TwoFour’s global trading system. TwoFour, a leading provider of treasury, FX and cash management solutions, recognized the opportunity to differentiate its client offering with FINCAD’s advanced derivatives analytics.
TwoFour has experienced strong growth in volumes of over-the-counter (OTC) derivatives and recently benchmarked 4,000 cash flows per second on the TwoFour System. As a member of the FINCAD Alliance Program, TwoFour is using FINCAD’s derivatives expertise and analytics software to improve its customer experience and meet critical client needs through increased user efficiency and productivity, while greatly reducing its time to market.
“FINCAD’s low total cost of ownership and easy development tools made it the ideal derivatives analytics solution to embed in our high performance trading system. Our clients can now price their OTC FX options and generate risk statistics for up to 1,000 transactions a second,” said Chris Davis, co-founder of TwoFour. “By using FINCAD’s industry standard models, the analytics in TwoFour are transparent and more reliable.”
“We are pleased with TwoFour’s success in bringing a more flexible and adaptable trading system to market through its expanded derivatives coverage and improved speed with the integration of FINCAD analytics,” said Amar Budhiraja, director, FINCAD Alliance Program.
