OMF Integrates TwoFour Systems' Software to Oversee FX Payments & Processing

TwoFour Systems LLC, a solutions provider for multiple-asset classes, has announced that OM Financial Limited (OMF) has integrated its Fx software service to oversee and manage its transaction, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and front-to-back duties, according to a TwoFour Systems statement.

Versatile Solutions Suite Reinforces New Zealand, External FX Clients

New York-based TwoFour Systems’ comprehensive solutions suite is compatible across virtually all asset classes, including Fx, swaps, forwards, futures and derivatives. Its Fx processing engine makes it a logical choice for New Zealand Fx and futures brokerage OMF, which sought licensing rights for a more efficient means of Fx processing and payments methods. Furthermore, OMF will make a bid to assimilate TwoFour’s external client portal, granting such services as payments, transaction detailing, statements and financial reporting.

According to Brian Watt, Managing Director at OMF, in a recent statement, "We are excited to partner with TwoFour and to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term their software to enhance our client services. Their technology will evolve with our requirements as we grow and their sharp client portal will provide our clients excellent management of their FX accounts."

With an eye on growth, OMF hopes that the solutions agreement will help fortify an already robust internal offering in Fx, namely Auckland and Wellington, New Zealand – however, the software is compatible globally, underscoring a propensity for growth. The partnership in New Zealand is TwoFour’s first push into the region’s market. Previously, the company expanded its Fx solutions software throughout several US banks and brokers.

Growth Margins Eyed

"TwoFour is designed to be highly customizable so that its configuration can adapt to our clients and support not only their current business model, but the business model that results from their planned growth. Our client portal was designed with the user in mind and leverages a sleek browser-based interface that provides easy access to desired user functionality. We look forward to partnering with OMF to support the growth of their business and to enhance and extend their client service," added David Kamp, CTO and Managing Director of TwoFour Systems.