TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, announced that it has successfully completed a strategic sourcing agreement and implemented its One API service for Wells Fargo. The initial deployment includes integration with Tradeweb, Bloomberg, Octaura, GLMX, Aladdin, LTX and Investortools. Additional venues are planned for the future.

TransFICC’s One API translates data, trading, and post-trade APIs from multiple venues into a single normalised format providing fast and simple venue integration for its clients.

Steve Toland, co-Founder of TransFICC said, “Wells Fargo are a major force in US Fixed Income, and we are happy to enable their automation of Rates, Credit, Muni, Mortgage and Loan markets. TransFICC will further ease Wells Fargo’s connectivity to European and Asian trading venues via our global network.”

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 wide variety of workflows across asset classes such as Rates and Credit Bonds, Repos, Mortgage Backed Securities, Loans and Interest Rate Swaps.

TransFICC has 17 sell-side clients, 4 buy-side clients, and 3 Exchange groups. Clients include Citi, NatWest, NAB, Santander and Wells Fargo.

Source: TransFICC