INTL FCStone Adds TwoFour’s FX & Margin Solutions to Global FX Prime Brokerage Group

Two of INTL FCStone Inc.’s subsidiaries, INTL FCStone Markets Inc. and INTL FCStone Ltd, have licensed TwoFour’s FX Back Office for the firm's FX Prime Brokerage group, according to a statement issued by TwoFour Systems. INTL FCStone is now using TwoFour’s FX front-to-back across its enterprise offering.

The system in place at FC Stone includes margin processing, limit monitoring and HTML 5-based client web portal, all provided by TwoFour Systems. According to the company statement, users of the FX Prime Brokerage offering of FC Stone are globally spread out.

The move comes as INTL FCStone expanded operations globally and acquired multiple FX companies and systems to maintain its business. Looking for a partner to assist in consolidating the different businesses into a single platform, the company chose TwoFour as an already existing product vendor for INTL FCStone and the complete offering of a full front, middle and back office solution.

Aside from boasting with trade processing and management, Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term and reporting features, TwoFour is providing INTL FCStone the capability of managing and computing Margin Requirements Margin Requirements A margin requirement is defined as the minimum equity sum that investors must keep in their margin account preceding a trading transaction. Margin requirements may be referred to as maintenance margin, minimum maintenance, or maintenance requirement. This is a requirement for broker trading in any asset class.In terms of equities, the New York Stock Exchange (NYSE) and Financial Industry Regulatory Authority (FINRA) have a fixed margin requirement of 25% of the sum value of the securities presen A margin requirement is defined as the minimum equity sum that investors must keep in their margin account preceding a trading transaction. Margin requirements may be referred to as maintenance margin, minimum maintenance, or maintenance requirement. This is a requirement for broker trading in any asset class.In terms of equities, the New York Stock Exchange (NYSE) and Financial Industry Regulatory Authority (FINRA) have a fixed margin requirement of 25% of the sum value of the securities presen Read this Term, credit, margin fee thresholds, gross margining and market risks associated with the company’s exposure to positions within the system.

The collaboration between the companies dates back to 2008, when it started with an FX position keeping components and evolved into a wider partnership in 2011, when INTL FCStone implemented TwoFour’s FX into its Global Payment and Precious Metals trading businesses.

INTL FCStone’s Global Head of FX, Edgar Ramon, commented in the company’s statement, “Over the years, INTL FCStone has expanded its usage of TwoFour based on TwoFour’s consistent delivery of reliable, high performance FX solutions.”