Jefferies Takes TwoFour's Cash Management Solution


The cash management solution provides intra-day real-time aggregation of balances and cash flows.

Broker-dealer Jefferies will employ the cash management (CM) solution from TwoFour, a software provider based in White Plains, NY, for intra-day real-time aggregation of balances and cash flows across its multi-entity, multi-currency environment as well as payments and receipts processing.

"A significant factor in the original design of TwoFour was focused on enabling our clients to control how the system works for them," says Dave Clark, TwoFour's EMEA managing director. "TwoFour's philosophy is to provide our customers with the best possible levels of support while enabling them to choose the amount of control they want of their system."

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