Subsidiaries of INTL FCStone have licensed TwoFour’s foreign exchange back office for their FX prime brokerage group.
The subsidiaries, NTL FCStone Markets Inc. and INTL FCStone Ltd, have now acquired TwoFour’s front to back office services, which are used across the INTL enterprise.
INTL FCStone also uses margin processing, limit monitoring, and TwoFour’s HTML 5-based client web portal, along with the recently licensed software.
TwoFour’s software met INTL FCStone’s need for a reliable back office solution, according to the firm.
Edgar Ramon, global head of FX at INTL FCStone Markets, said: “INTL FCStone has expanded its usage of TwoFour based on TwoFour’s consistent delivery of reliable, high performance FX solutions.”
The agreement builds on the two companies’ business relationship, which began in 2008.
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