TransFICC, the specialist provider of low-latency connectivity and workflow services for fixed income and derivatives markets, announced completion of a strategic sourcing agreement and implementation of its One API service for Wells Fargo. The initial deployment includes integration with Tradeweb, Bloomberg, Octaura, GLMX, Aladdin, LTX and Investor Tools. Additional venues are planned for the future.
TransFICC’s One API translates data, trading, and post-trade APIs from multiple venues into a single normalized format providing fast and simple venue integration for its clients.
Steve Toland, co-founder of TransFICC, said in a statement: “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 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. It has 17 sell-side clients, 4 buy-side clients, and 3 Exchange groups. Clients include Citi, NatWest, NAB, Santander and Wells Fargo.