Algorithmica partners with TransFICC for swap electronic trading pricing

Algorithmica partners with TransFICC for swap electronic trading pricing


Press Release issued by Algorithmica

London, New York, Stockholm, 14 May 2025 – Algorithmica, a leading provider of technology for quantitative analytics and pricing, today announced its partnership with TransFICC, a specialist provider of low-latency connectivity, workflow, and trading applications for the Fixed Income and Derivatives markets.

The collaboration integrates Algorithmica’s Quantlab engine into TransFICC’s TransACT service for the automated pricing of swap RFQs. The solution is made available to Tier 2 and 3 banks looking for an external swap pricing engine to use with TransFICC’s GUI and workflow.

Niclas Holm, CEO and founder of Algorithmica, said, "We are seeing a growing demand for faster, automated, and more profitable fixed-income trading. With Quantlab you get the fastest and most versatile swap pricing engine available. We are delighted to partner with TransFICC, a firm that shares our commitment to integrating cutting-edge technology and delivering a superior client experience at the core of its platform.”

He added, “Quantlab offers firms exceptional pricing and analytics across a broad range of fixed income instruments. Our comprehensive framework supports curve-based market making, equipping users with the necessary tools to monitor and control models in real time.”

Steve Toland, co-founder of TransFICC, said “TransFICC’s original focus was Tier 1 and 2 dealers which wanted to build their own trading applications on top of our hosted ‘One API’ service. We are now building eTrading service components, including TransACT for automated RFQ quoting and trading, and Trader GUIs, which all dealers require to quote quickly and remain competitive. Algorithmica’s swap pricing engine is now integrated with our service, offering a strong alternative for banks seeking an external solution.”


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