TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives markets, announced a $25 million Series B investment led by Citadel Securities. BlackFin Tech and existing investors also participated. TransFICC has now raised $50 million to date from investors AlbionVC, BlackFin Tech, Citadel Securities, Citi, HSBC, Illuminate Financial, ING, and neosfer (the early-stage investor and innovation unit of Commerzbank Group).
Amit Bhuchar from Citadel Securities said, “Citadel Securities has a long history of developing innovative solutions to help our clients and partners address their most complex liquidity and execution challenges. We are pleased to partner with TransFICC to shape the future of Fixed Income market making through increased automation, connectivity and efficiency.”
Michele Foradori from BlackFin Tech added, “TransFICC is providing a piece of critical infrastructure for Fixed Income markets. We are excited by the pace of innovation taking place in this space and fully embrace Steve, Judd and Tom’s vision to make TransFICC the go-to solution for all market participants to electronically trade any Fixed Income product.”
Steve Toland, TransFICC co-Founder said, “Wide-ranging structural changes, including the increased adoption of algo tools, the growth of all-to-all markets and the rise of Fixed Income ETFs are driving volumes up, creating increased demand for automated solutions. TransFICC launched TransACT (Automated Customer Trading) last year to address this need in Credit and is now extending asset class coverage to Government Bonds, IRS and Repo.”
Judd Gaddie, TransFICC co-Founder said, “Now more than ever, market makers need to quote quickly to win business. TransFICC has already built data centre hosting in North America, Europe and Asia. Additionally, we are hosting our client’s applications on the TransFICC platform to reduce latency.”
Tom McKee, TransFICC co-Founder said, “Fixed Income trading firms need to support and expand venues and workflows while maximising efficiency. However, the time and development costs of connectivity can be significant. At TransFICC, our intention is to enhance our venue and workflow support so that clients can connect more quickly and at a lower cost.”
TransFICC’s clients include 20 market participants and three exchange groups.
Source: TransFICC
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
Average daily volume was a record across block trading, portfolio trading and dealer-initiated activity.
-
Large wealth managers and RIAs can access MarketAxess’s institutional fixed income liquidity.
-
Activity during the first quarter largely reflects transactions completed in the first two months.
-
Options on Eris SOFR Swap futures provide more flexibility in managing U.S. dollar interest rate risk.
-
There were several milestones amid increased market activity in rates derivatives.