Case Study: TwoFour achieves cost savings and faster time-to-market with FINCAD analytics

Embedded Derivatives Analytics in 24x7 Global Trading System Keeps Costs Down and Reduces Time to Market

TwoFour, a treasury, FX and cash management product and services firm founded in 2002, faced pressure to keep development costs low and accelerate time-to-market while competing against long-established vendors. Rather than build complex OTC derivatives pricing models in-house, TwoFour partnered with FINCAD to supply embedded derivatives analytics for its trading and trade-processing system.

TwoFour embedded the FINCAD analytics library to provide pricing and Greeks for OTC FX options (up to 1,000 transactions per second) within a system benchmarked at 4,000 cash flows/sec. The FINCAD solution saved TwoFour “hundreds of thousands of dollars” in development costs, expanded instrument coverage to win new clients, sped product delivery, and delivered independent, industry-standard valuations rather than a proprietary “black-box” model.

Twofour

Chris Davis

Co-founder