U.S. futures commission merchant, Institutional Liquidity (ILQ), has licensed TwoFour’s FX back office, Finextra reports. ILQ will utilize TwoFour to handle all of its FX back office processing across the enterprise as well as for trade capture, position management, P&L, shared reference data, settlements, revaluation, allocations, multicurrency accounting and reporting. TwoFour is a provider of global real-time FX, treasury cash management, limit monitoring and order management solutions. ILQ has entered the FX market as a retail FX dealer, offering banks, FCMs, brokers, dealers and corporations access to the FX market.

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