LONDON, 28th November 2018:TransFICC, the specialist provider of low-latency connectivity for Fixed Income and Derivatives Markets, today announced that it had won the 'FinTech Start-Up of the Year' category at the 2019 Risk Awards.
The Risk Awards are the longest-running and most prestigious awards for firms and individuals involved in the global derivatives markets and in risk management. The judging process takes three months, from the submission of pitch documents, through dozens of meetings, and concludes with a due diligence phase in which clients are canvassed for their views on the shortlisted firms.
Steve Toland, Founder commented: "We are very grateful to Risk for recognising TransFICC at this year's awards. The Risk Awards provide validation for businesses operating in derivatives and risk management, but perhaps most important, the detailed judging process places great emphasis on the views of clients. I would particularly like to thank them for their comments and support."
He added, "This Risk Award completes a busy and successful year for TransFICC, during which we signed two global investment bank clients, began testing with many others, connected to 14 venues, doubled the size of our technical team, added Citi as an investor and joined Citi's Innovation Lab."
TransFICC won the Risk Award because it resolves the market-wide problem of fragmentation, by connecting, and maintaining connectivity, to more than 200 execution venue APIs. The firm enables financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs.