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

Reconciliation No Longer Has Time On Its Side as T+1 Approaches

By John Bevil, senior product manager at Xceptor. Europe’s capital markets firms are entering the most consequential phase of T+1 preparation. From 11 October 2027, trades executed in European markets are expected to settle one business day after trade date, reducing the settlement cycle from T+2 to T+1. More than 4 trillion euros of securities...

EVENT

RegTech Summit London

Now in its 10th year, RegTech Summit London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to innovate the compliance function and response.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...