NAB Integrates with Tradeweb via TransFICC

TransFICC, a technology provider specializing in low-latency connectivity for fixed income and derivatives markets, announced today that National Australia Bank (NAB) has successfully implemented its One API service for trading Australian Government Bonds and Interest Rate Swaps (IRS) on Tradeweb Australia (Yieldbroker).

TransFICC's One API is designed to streamline connectivity by translating the various APIs of different trading venues into a single, standardized format. This allows financial institutions to integrate with multiple platforms more efficiently. The implementation for NAB also facilitated the migration to the combined Tradeweb Australia platform following Tradeweb's acquisition of Yieldbroker.

Tom McKee, Co-Founder of TransFICC, stated, "NAB was seeking a single integration to Bloomberg and Tradeweb, and now including the Yieldbroker migration, to support its trading of IRS and Government Bonds. TransFICC's One API was selected as the right solution to ensure ongoing connectivity and seamless API changes." He further noted the challenges involved in "adding the complex order workflows for Tradeweb Australia in short timescales," highlighting that TransFICC's daily testing process allowed NAB to quickly test their applications and provide feedback, ensuring a smooth transition.

TransFICC provides connectivity and workflow solutions for a range of fixed income asset classes, aiming to address market fragmentation and improve efficiency for banks and asset managers globally.