About a-team Marketing Services
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: Post-Trade Transformation: Automating Clearing & Settlement

Date: 1 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The UK, EU and Swiss markets move to T+1 settlement on 11 October 2027, but the first binding compression arrives almost a year earlier. ESMA’s amended settlement discipline RTS expects allocation and confirmation completed by 23:00 CET on trade...

BLOG

New Cloud-Native OMS Valstro Goes Live at Top-Ten US Equities House

Sell-side equities order management is not a market that often welcomes new entrants. The platforms that broker-dealers run on tend to have been in production for a decade or more, and the cost of switching has long been a deterrent to anyone considering a move. New York-headquartered Valstro, which emerged from stealth this month with...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...