Steve Toland
Co-Founder
TransFICC
TransFICC provides a hosted SaaS platform that gives fixed‑income trading desks a single API to connect to 87 global venues and automate rates, credit, IRS, repo and muni workflows. Its eTrading GUI and low‑latency co‑location infrastructure enable fast order execution, real‑time market data, and built‑in disaster‑recovery while reducing integration and operational costs.
- Data & Analytics
- Enterprise Software
- Financial Technology
- Software Only
Updated yesterday
Funding
Raised to date
$25MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Tim Whipman
Founder
Product
Problem
Fixed income trading desks often rely on legacy e‑trading systems that are slow to adapt, require extensive custom integration for each venue, and involve high operational overhead for connectivity, disaster recovery, and security compliance.
Solution
TransFICC delivers a hosted SaaS platform that centralizes access to the global fixed income market through a single API, automated workflow tools, and low‑latency infrastructure. The One API abstracts venue‑specific protocols, allowing new venues to be added with a configuration change and handling API version updates automatically. eTrading provides a desktop GUI with integrated pricing engines, RFQ negotiation and SSO, enabling traders to execute rates, credit, IRS and repo trades faster. Co‑location hosting offers globally distributed points of presence, private circuits, and full disaster‑recovery capabilities, reducing technology costs and simplifying compliance. Together, these services let firms automate high‑volume trading, improve price distribution, and lower total cost of ownership without extensive in‑house development.
Target Audience
Primary customers are fixed income trading desks at banks, asset managers, and hedge funds that need fast, reliable access to multiple global venues and automated trading workflows.
Features
- One API client library that normalizes venue APIs for rates, credit, IRS, repo and muni, enabling single‑integration connectivity to 87 venues
- Automatic management of venue API changes and hardware/connectivity issues as a fully hosted service
- eTrading desktop GUI with built‑in pricing engine, RFQ automation (TransACT), SSO, FDC3 interoperability and WebSocket plug‑in for custom pricing
- Low‑latency global infrastructure with multiple PoPs (NY5, LD7, CH4, IT3, TY3, HK1, FR2) and AWS regions, providing private circuits and full disaster‑recovery
- SaaS deployment model with quick setup, no on‑premise configuration, and continuous daily software releases
- Monitoring and UI tools for real‑time order, market data, and post‑trade visibility
- Security and compliance features including DR, private networking, and support for external identity providers (SAML)