TwoFour Systems, www.TwoFour.com, is proud to announce that the FIMAT Group will use the TwoFour product as its global position and risk management system for FX and futures. FIMAT required a global, real-time application for currency risk management. TwoFour will support FIMAT’s trading rooms in the United States, Europe and Asia with its cross product trading solution TwoFour. TwoFour will provide FIMAT’s currency trading desks with realtime trade processing, position keeping and risk management.
FIMAT, one of the world’s largest futures commission merchants and institutional brokerage firms, evaluated many trading and risk management systems. “We chose TwoFour because of its robust functionality and ease of use. The people at TwoFour understood our business and configured their blotters during the demonstration to meet some of our specific requirements. Other vendors told us it would take months to make the same changes,” said Ryan Schiff, global head of FX trading.
John Feeney, head of product development at TwoFour states, “TwoFour’s flexible, realtime cross product blotters allow clients to configure summary views of positions. Details of any summary view are easily accessed by simply selecting the position and drilling down to view the activity that created the position. Sensitivity analysis and realtime market data feeds give users a live view of their activity in TwoFour’s position blotters. TwoFour’s blotters support aggregation, dimension analysis, flexible bucketing, and easy to use grouping of data elements.”
FIMAT states that it was looking for a 24 X 7 global solution from an experienced provider that would significantly lower their annual costs. TwoFour’s configured solution met these requirements and will only take a couple months to implement. TwoFour Systems Managing Director Chris Davis, states, “We are very excited to be working with FIMAT. TwoFour’s cross product blotter will let FIMAT’s traders manage their global futures and FX business more efficiently.”
TwoFour’s business focus is to provide its clients with the ultimate experience which TwoFour views as STP2 - service, technology, people and product.
TwoFour is a comprehensive global trading solution for front, middle and back office processing across financial asset classes. TwoFour supports FX, money market, futures and exchange traded options trading with OTC options support following in April, 2006 as well as swaps and fixed income support following later in the year. TwoFour is designed for real-time, high volume, straight through processing of transactions and is available 24-hours a day, seven days a week. TwoFour is written in C# and runs on Microsoft’s .NET framework. Information about TwoFour Systems is available at http://www.TwoFour.com or contact Chris Davis at 914-220-8801 or Sales@TwoFour.com.
About Fimat
Fimat is part of Société Générale Securities Services (SGSS), which offers a full range of securities services ranging from execution, clearing, delivery and settlement, to custody, trustee, fund and portfolio administration, as well as employee Share Plan Management. Fimat Group consists of more than 1,300 staff in 26 market places and is a member of 46 derivatives exchanges and 17 stock exchanges worldwide. At the end of June 2005, Fimat achieved a global market share of 5%. Figures quoted for Fimat volumes and market share apply to major derivatives exchanges on which Fimat is a member.
Fimat and the Fimat Group refer to all companies or divisions of companies owned directly or indirectly by Société Générale that include the “Fimat” name. Only Fimat USA, LLC and Fimat Preferred, LLC are members of NASD and SIPC. Fimat International Banque S.A. (UK Branch) does not deal with, or for Private Customers (as defined by the Financial Services Authority). Fimat International Banque S.A. (Frankfurt Branch) only conducts business with market professionals and institutional customers. Only Fimat Canada Inc. is a member of the CIPF. Not all services are available from all Fimat organizations. Consult your local office for details. www.fimat.com
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