TransFICC launches automated customer trading
08 April 2024 US, UK
Image: The Stock Image Bank
TransFICC has launched TransACT (automated customer trading).
The new service will automate request for quote (RFQ) negotiation workflows for banks trading on dealer-to-client venues.
The firm, which specialises in workflow services for fixed income and derivatives markets, says the offering enables dealers to fully automate significant parts of their credit trading more efficiently.
Commenting on the launch, Judd Gaddie, co-founder of TransFICC, says: 鈥淥ur auto-negotiation service provides the code, support and security out of the box. The only bank requirement is to have a Pricer, meaning the service can quickly go live.
鈥淲hat used to take months or years for a bank to deploy has been reduced to a few weeks.鈥�
TransACT is available for immediate use on MarketAxess, Tradeweb, Bloomberg and TruMid for US Credit, with the service expanding to other RFQ assets later this year.
The new service will automate request for quote (RFQ) negotiation workflows for banks trading on dealer-to-client venues.
The firm, which specialises in workflow services for fixed income and derivatives markets, says the offering enables dealers to fully automate significant parts of their credit trading more efficiently.
Commenting on the launch, Judd Gaddie, co-founder of TransFICC, says: 鈥淥ur auto-negotiation service provides the code, support and security out of the box. The only bank requirement is to have a Pricer, meaning the service can quickly go live.
鈥淲hat used to take months or years for a bank to deploy has been reduced to a few weeks.鈥�
TransACT is available for immediate use on MarketAxess, Tradeweb, Bloomberg and TruMid for US Credit, with the service expanding to other RFQ assets later this year.
← Previous repo article
Clearstream joins ECB trials to explore DLT for central bank money settlement
Clearstream joins ECB trials to explore DLT for central bank money settlement
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
