About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

TransFICC Confirms First 5 Venues For Spring Launch

Subscribe to our newsletter

London-based electronic trading technology company TransFICC, which serves fixed-income and derivatives markets, plans a spring 2017 launch of its application programming interface (API) service to facilitate connectivity with trading venues.

The service can connect to multiple venues to execute orders without separate submissions (for users with software to enable this method of sending orders through TransFICC), provides real-time pricing and supports audit trail functions with time stamping at a millisecond level, according to Steve Toland, founder of the company.

“It’s a scalable model,” said Toland. “Once TransFICC connects to 15 venues, it’s connected to whatever bank clients come out on the other side. They only have to connect to one venue once.”

TransFICC has so far reached agreement with five trading venues to route orders: TradeWeb, BrokerTec, MTS (the London Stock Exchange Group-owned fixed-income trading platform), Liquidity Edge and ICAP’s iSwap platform, according to Toland. The company also has agreements with nine banks to consider its services. It began developing its services in March 2016.

“The five venues joined because of our consultations with banks that we were speaking to about the product,” said Toland. “They told us that to prove that our product works, they needed it to work with these different types of venues [as represented by the five mentioned].”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Date: 26 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential...

BLOG

Genesis Global Launches Web Version of Trade Allocation Manager

Genesis Global, the low-code application development framework provider, has unveiled the web version of its Trade Allocation Manager (TAM), a multi-asset class middle-office solution designed to streamline operations and ensure regulatory compliance for financial markets firms. The TAM web application, built on the Genesis Application Development Platform, promises operational efficiency through the automation of trade...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...