FINCAD has announced that TwoFour has embedded the latest version of its derivatives analytics library into its global trading system. TwoFour recognized the opportunity to differentiate its client offering with FINCAD’s advanced derivatives analytics.
Using FINCAD as a third party analytics solution, TwoFour was able to reduce its time to market for the provision of derivatives analytics. As a member of the FINCAD Alliance Program, TwoFour is using FINCAD’s financial derivatives expertise and analytics software to help improve its customer experience.
“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, said Chris Davis, co-founder of TwoFour. Our clients can now price their OTC FX options and generate risk statistics for up to 1,000 transactions a second. By using FINCAD’s industry standard and market-tested financial models, the analytics in TwoFour are now transparent and more reliable.”
Amar Budhiraja, Director, FINCAD Alliance Program said: “We are pleased with TwoFour’s increasing 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. With the growing demand for integrated derivatives analytics in trading and investment management systems, we look forward to contributing to TwoFour’s continued growth and supporting its use of FINCAD’s analytics library.”