NEW YORK and LONDON – April 4, 2017 – IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced its collaboration with TransFICC, the financial technology company which provides “One API for eTrading” for the fixed income and derivatives markets. The collaboration will provide over 6000 market participants in IPC’s diverse Fixed Income Marketplace with secure access to the production and UAT environments of TransFICC’s high performance API. The IPC Fixed Income Marketplace is a premier holistic connectivity solution for market participants to trade fixed income instruments electronically or via voice.
TransFICC’s consolidated API enables buy-side and sell-side clients to connect with multiple electronic trading venues. The API is designed for fast market data throughput, and to ease the process for clients connecting to new liquidity venues and upgrading when venues update their APIs.
“Electronification, regulatory impact on bank balance sheets, liquidity shifts to the buy-side, and fragmentation of trading venues and protocols continue to affect the global fixed income and derivatives markets,” said Tim Carmody, Vice President, Global Product Management and Engineering, Financial Markets Network, IPC, “As a result, secure and reliable connectivity is crucial to sourcing liquidity, linking market participants and enabling all-to-all trading for fixed income market participants.”
Carmody continued “We are excited to work with TransFICC to enable market participants in the IPC Fixed Income Marketplace to connect to their counterparties and source liquidity. This includes access to our vast community as well as secure, reliable connections to other private and public clouds such as the Equinix Cloud Exchange and Amazon Web Services.”
“TransFICC offers flexible and scalable technology required to address the issues of fragmentation, high throughput market data and MiFID II reporting in the fixed income market,” said Steve Toland, Founder of TransFICC. “By collaborating with IPC we offer clients access to the TransFICC platform through IPC’s secure Fixed Income Marketplace, easing the process of connecting to new liquidity venues.”
Fixed Income Marketplace is part of the IPC Financial Markets Network portfolio which also includes Connexus Extranet, Connexus Ethernet, Connexus WAN, Connexus Voice and Trader Voice services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.
Launched in 2016, TransFICC provides technology, which addresses the three issues of fragmentation, market data throughput and MiFID II/R regulation. Its “One API for eTrading” delivers low latency, scalable and secure connectivity for banks and the buy-side trading in the fixed income and derivatives markets. The TransFICC development team has significant technical expertise, having previously worked for LMAX Exchange, recognized for its technological excellence and innovation.
IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced networks, compliance and collaboration with all counterparties across the financial markets. www.ipc.com
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