TransFICC Announces Launche of New eTrading Service

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, 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.

"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.