TransFICC
TransFICC is a London-based fintech founded in 2016 that provides low-latency API connectivity and workflow automation across ~90 fixed income and derivatives trading venues, serving Tier 1 banks and asset managers globally via enterprise SaaS.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What TransFICC does
TransFICC is a London-headquartered financial technology company founded in March 2016 by former LMAX Exchange engineers Steve Toland, Judd Gaddie, and Tom McKee. The firm provides low-latency trading technology that connects financial institutions to fixed income and derivatives trading venues through a single normalized integration. Its flagship product, One API, currently spans 86-90 trading venues across Rates, Credit, IRS, Repo and Muni markets, and the company serves Tier 1 banks such as Wells Fargo, Citi, NatWest, Santander, National Australia Bank and HSBC alongside a smaller buy-side and Exchange-group base.
The technology stack is built on open-source high-performance primitives: LMAX's Disruptor messaging library, Aeron for message replication and logging, and Simple Binary Encoding (SBE) for efficient serialization, delivered as hosted SaaS with global Points-of-Presence in NY5, LD7, CH4, IT3, TY3, HK1 and FR2 plus AWS regions. The platform supports 814+ automated workflows, processes up to 200,000 messages per second with a 99.95% SLA uptime commitment, and maintains SOC 2 Type 2 and SOC 3 compliance with a public Vanta Trust Centre. Surrounding products include eTrading (a desktop GUI with pricing-engine integration for Rates, Credit and IRS), Credit Agent (automated dealer quote negotiation handling more than 50,000 RFQs per minute), Infrastructure & Hosting, Historical Data Service, and a Trading-as-a-Service offering co-developed with Citadel Securities for outsourced liquidity provision.
TransFICC generates revenue through subscription-based enterprise SaaS contracts with quote-based pricing and annual billing, sold via direct enterprise field sales targeting Tier 1 banks and major asset managers globally. The firm has approximately 50-60 employees (about 90% technologists), offices in London (HQ) and New York, and a planned Brussels location to support EU growth. Cumulative venture funding stands at approximately $50 million, raised across a $7.8 million Series A (April 2020), a $17 million Series A extension led by AlbionVC (March 2022), and a $25 million Series B co-led by Citadel Securities and BlackFin Tech (April 2025), with strategic shareholders including Citi, HSBC and ING.
TransFICC firmographics
Firmographics- Name
- TransFICC
- Legal name
- TransFICC Limited
- Website
- https://transficc.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TransFICC is a London-based fintech founded in 2016 that provides low-latency API connectivity and workflow automation across ~90 fixed income and derivatives trading venues, serving Tier 1 banks and asset managers globally via enterprise SaaS.
- Ownership category
- akta.pro rank
TransFICC industry classification
Industry- Product category
- Fixed Income Trading Infrastructure Software
- NAICS
- Commodity Contracts Intermediation (523160), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Client Reporting Gateways & Connectivity Providers (Submission/Message Translation) (FSAFAJAG)
- akta.pro secondary industry
- OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution) (FSAFANAE)
Keywords
Where TransFICC is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices10 records
Markets served
TransFICC business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- API Connectivity Services: SaaS-based API connectivity licensing for accessing multiple fixed income trading venues through a single integration. Clients pay for access to the One API platform which handles venue connectivity, API normalization, and ongoing maintenance of venue integrations.
- eTrading Platform: Hosted desktop GUI and workflow automation services for rates, credit, and IRS trading. Includes pricing engine integration, market data connectivity, and secure server hosting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS with quote-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
TransFICC product offering
Product offeringCore offering
TransFICC provides a hosted SaaS electronic trading platform for fixed income and derivatives markets, anchored by its One API client library that normalizes 90+ global trading venue APIs into a single integration. Clients (Tier 1 banks and asset managers) use the platform for orders, market data, and post-trade workflows across Rates, Credit, IRS, Repo, and Muni asset classes. Supporting modules include eTrading GUIs with pricing automation, Credit Agent for automated RFQ negotiation, global co-location infrastructure, and a historical data service.
Product overview
TransFICC offers a platform-plus-modules architecture centered on its One API core product, which provides unified connectivity to 86+ fixed income and derivatives trading venues. The platform connects to Rates, Credit, IRS, Repo, and Muni markets. Supporting modules include eTrading (desktop GUI with pricing automation), Credit Agent (automated quote negotiation), Infrastructure & Hosting (global co-location), and Historical Data Service. All products share the unified One API for venue connectivity and workflow normalization.
Differentiator
Problem solved
Functional benefit
Brands
- One API: Client library enabling connection and trading on multiple FICC trading venues through a single integration, translating venue APIs into a normalized format.
- IRS eTrading
- Credit Agent
- TransACT
- Historical Data Service
Products and services
- One API Client library that translates venue-specific APIs into a single normalized format, enabling a single integration to connect to multiple Rates, Credit, IRS, Repo, and Muni trading venues for orders, market data, and post-trade workflows. Manages venue API changes automatically and supports adding new venues via configuration.
- IRS eTrading Desktop GUI combined with a pricing engine negotiation workflow and low-latency connectivity to global IRS trading venues. Supports all IRS workflows including outright, curve, and compression trades with pricing fields auto-populated by internal pricing engines.
- Rates eTrading Electronic trading solution for Rates instruments including government bonds and interest rate products with workflow automation, pricing engine integration, and GUI support.
- Credit eTrading Electronic trading solution for Credit instruments including corporate bonds with RFQ workflows and dealer-to-client venue connectivity.
- Credit Agent Automated quote negotiation and trading service for dealers on dealer-to-client venues, supporting more than 50,000 RFQs per minute with week-long setup and month go-live timelines.
- Infrastructure & Hosting Global data center connectivity with multiple Points of Presence (PoP) servers providing low-latency connectivity, private circuits for security, and full disaster recovery. Physical presence at NY5, LD7, CH4, IT3, TY3, HK1, FR2 and AWS regions.
- Historical Data Service Service providing access to historical market data for fixed income and derivatives markets, enabling backtesting, analysis, and compliance requirements.
Quantifiable outcome
- Venue connection time reduced from months to minutes
- +3 more outcomes
Companies that use TransFICC
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
TransFICC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability1 record
Feature4 records
TransFICC partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- AlgorithmicacorePartnership provides Tier 2 and 3 banks with an external swap pricing engine to use with TransFICC's TransACT service for automated pricing of swap RFQs.
- LTX (B两次 Market Technologies)coreStrategic partnership announced November 2024. Sell-side clients benefit from simplified integration and connectivity to LTX, reduced operational risk and implementation costs, and improved time-to-market.
- SoftSolutions!corePartnered to provide clients with a complete cloud-based trading service with connectivity to multiple Fixed Income trading venues.
- Citadel Securities (Liquidity Provision)flagshipDeveloping outsourced liquidity provision services in partnership with Citadel Securities. Part of Trading as a Service (TaaS) model where TransFICC's platform handles pricing and execution for external liquidity providers.
Scale indicators10 records
Recent moves6 records
TransFICC competitors and assessment
Company assessmentBroad incumbents
- ION Group: Owns Fidessa and a portfolio of capital markets infrastructure products for trading, connectivity and workflow. Comparable as a diversified incumbent selling fixed income and equities trading platforms to the same Tier 1 bank client base.
- MarketAxess: Leading electronic credit trading platform with its own multi-dealer connectivity stack. Comparable as a fixed income e-trading venue where TransFICC provides normalized access to MarketAxess alongside competing workflow products.
- Tradeweb Markets: Operates one of the largest electronic fixed income and derivatives trading venues globally. TransFICC's One API integrates with Tradeweb while competing with Tradeweb's own direct connectivity offerings to buy- and sell-side clients.
- Broadridge Financial Solutions: Provides post-trade, securities processing, and trading connectivity infrastructure for global financial institutions. Comparable as a broad incumbent in trading infrastructure that overlaps with TransFICC's connectivity and post-trade workflow offerings.
Direct peers
- Baton Systems: Post-trade infrastructure platform serving global banks with workflow and connectivity solutions. Comparable in providing enterprise infrastructure that complements venue connectivity for sell-side institutions.
- Genesis Global: Capital markets technology platform providing infrastructure and workflow tools for trading across asset classes. Comparable as a fintech builder targeting the same fixed income electronic trading workflow problems.
- Options IT: Capital markets infrastructure and managed services provider focused on trading connectivity, hosting, and market data. Comparable as a niche infrastructure vendor serving the same capital markets client base with overlapping connectivity offerings.
- IPC Systems: Provides trading communications, connectivity, and infrastructure services to financial markets participants globally. Direct peer in delivering low-latency multi-venue connectivity to capital markets firms.
- Raptor Trading (TS Imagine): Fixed income trading connectivity and workflow automation platform (formerly Raptor, now part of TS Imagine). Closest direct peer, offering similar multi-venue e-trading connectivity services to banks and asset managers.
- Symphony Communication Services: Secure messaging, workflow, and voice collaboration platform purpose-built for capital markets. Comparable as a connectivity/collaboration layer sold to the same Tier 1 bank and asset manager community.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
TransFICC social profiles
Digital presenceTransFICC compliance and trust
Trust signalCompliance2 records
TransFICC financial estimates
Financial estimateRevenue estimate
Valuation estimate
TransFICC leadership team
Management profileNumber of profiles
Profiles5 records
TransFICC funding detail
Funding detailFunding overview
Funding rounds7 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TransFICC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TransFICC
What does TransFICC do?
TransFICC provides a hosted SaaS electronic trading platform for fixed income and derivatives markets, anchored by its One API client library that normalizes 90+ global trading venue APIs into a single integration. Clients (Tier 1 banks and asset managers) use the platform for orders, market data, and post-trade workflows across Rates, Credit, IRS, Repo, and Muni asset classes. Supporting modules include eTrading GUIs with pricing automation, Credit Agent for automated RFQ negotiation, global co-location infrastructure, and a historical data service.
Is TransFICC a public or private company?
TransFICC is a private company. It is classified as venture growth investor backed and is currently operating.
When was TransFICC founded?
TransFICC was founded in 2016. It employs 11 to 50 people.
Where is TransFICC based?
TransFICC is headquartered in London, United Kingdom, in the Europe region.
How does TransFICC make money?
Two revenue lines are on record. API Connectivity Services are the primary driver. The others are eTrading Platform.
Who are TransFICC's main competitors?
Broad incumbents on record are ION Group, MarketAxess, Tradeweb Markets and Broadridge Financial Solutions. Direct peers are Baton Systems, Genesis Global, Options IT, IPC Systems, Raptor Trading (TS Imagine) and Symphony Communication Services.
Does TransFICC have an API?
Yes. One API is a client library that enables connection and trading across multiple fixed income and derivatives trading venues. The API translates venue-specific APIs into a normalized format for easy/single integration. It manages venue connectivity, handles API changes from venues, and provides access to orders, market data, and post-trade functionality. Developers can download the client library from GitHub, access sample code for workflows including downloading instruments, subscribing to market data, placing orders on CLOB venues, and RFQ workflows. Developer documentation is at github.com.
What industry is TransFICC in?
TransFICC's product category is Fixed Income Trading Infrastructure Software. Its primary akta.pro industry code is FSAFAJAG, Client Reporting Gateways & Connectivity Providers (Submission/Message Translation), with a secondary code of FSAFANAE, OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution). Its NAICS code is 523160 and its SIC code is 7370.