TransFICC Launches eTrading Service for Interest Rates Swaps

TransFICC Launches eTrading Service for Interest Rates Swaps

London, 22nd February 2023 – TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, today announced the launch of its new eTrading service, which combines a hosted desktop GUI with IRS venue and workflow integration, pricer API, server hosting and secure connectivity.

Developed in response to banks asking for increased efficiency when managing Request for Quotes (RFQs), the eTrading service streamlines workflows by presenting traders with pop-up tickets to support outright, curve and compression trades, with pricing fields automatically populated by internal pricing engines.

This plug and play service supports all IRS workflows, provides full security and disaster recovery, and is quick to deploy, with the capability to install a new bank client with dedicated hosting in under two weeks. Theservice is live with IRS, and US Credit trading will be added in summer 2023.


“We have built a service that is easy for banks to deploy. Private circuits and dedicated hardware meet the security and compliance needs of banks, and the GUI is lightweight, performant, and simple to integrate with internal bank applications. We have also developed a simulator for incoming RFQs to help banks test their pricing applications,” said Judd Gaddie, Co-Founder of TransFICC.


“Adding eTrading is a natural extension of our existing service and uses the same ‘One API’ product for core functionality Banks trading in Fixed Income markets need technology which supports new venues and workflows, and enables them to reduce legacy system costs. Our eTrading service does exactly that,” added Steve Toland, Co-Founder of TransFICC.


TransFICC provides trading technology for Fixed Income, resolving the issue of market fragmentation and delivering workflow efficiencies to banks and asset managers globally. It provides connectivity to multiple trading venues while supporting a variety of workflows across asset classes such as Rates and Credit Bonds, Repos, Mortgage Backed Securities and Interest Rate Swaps.


Share
Filter by section
Most popular stories
Press Release - TransFICC Opens New York Office

Press Release - TransFICC Opens New York Office

TransFICC has opened a New York office and hired Sean Murphy, Bo-Yun Liu and Khagay Nagdimov.


Read More Twitter LinkedIn
TransFICC Wins Financial News Award

TransFICC Wins Financial News Award

We were delighted to be win 'Trading Initiative of the Year' at the Financial News Excellence in Trading & Tech Awards 2023


Read More Twitter LinkedIn
The Desk - Technology & The Evolution of FI Trading

The Desk - Technology & The Evolution of FI Trading

Steve speaks with The Desk about all things tech - managing fragmentation, automating workflows, the need for speed, scalability on demand, modular tech and what's next in the evolution of the market.


Read More Twitter LinkedIn
TransFICC Secures New Investment of $17 million Led by AlbionVC

TransFICC Secures New Investment of $17 million Led by AlbionVC

TransFICC has closed a Series A extension for $17 million. Led by AlbionVC, all existing institutional shareholders took part in this investment round, which follows the original Series A for $7.8 million, announced in April 2020.


Read More Twitter LinkedIn
TransFICC Named One of The Most Influential FinTech Firms of 2022

TransFICC Named One of The Most Influential FinTech Firms of 2022

Now in its 5th year, the Financial Technologist showcases leading Capital Markets FinTechs


Read More Twitter LinkedIn
TransFICC Launches Consolidated Tape Pilot For EU Fixed Income Using The AFM Regulatory Sandbox

TransFICC Launches Consolidated Tape Pilot For EU Fixed Income Using The AFM Regulatory Sandbox

Press Release - TransFICC has announced a new initiative to develop a Consolidated Tape (CT) for Fixed Income. As part of this initiative, TransFICC has developed a production ready pilot, for Banks, Asset Managers and Regulators to test.


Read More Twitter LinkedIn
Talking with The Trade about the Consolidated Tape for Fixed Income

Talking with The Trade about the Consolidated Tape for Fixed Income

Steve speaks with Kiays Khalil from The TRADE News about the need for a Consolidated Tape in Fixed Income.


Read More Twitter LinkedIn
Speaking with The Desk about Managing Fragmentation in Fixed Income

Speaking with The Desk about Managing Fragmentation in Fixed Income

A smart application of hardware, cloud and open source technology makes for efficient trading systems and reduces the inefficiency that complexity creates


Read More Twitter LinkedIn
Mob Rules - Moving to Virtual Pair Programming

Mob Rules - Moving to Virtual Pair Programming

Like all companies, lockdown has impacted the way we work at TransFICC. We have always championed Extreme Programming as our methodology of choice, so when we decided to close the office at the start of March, this raised some issues around how we would operate with everyone working remotely.


Read More Twitter LinkedIn
All Change - Technology & Efficiency Are The (Old) New Buzzwords in Fixed Income

All Change - Technology & Efficiency Are The (Old) New Buzzwords in Fixed Income

Steve writes for The Financial Technologist - published by Harrington Starr


Read More Twitter LinkedIn
Press Release - TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

Press Release - TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

TransFICC has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC. The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.


Read More Twitter LinkedIn
Twitter Feed