TransFICC, a supplier of e-trading technology for fixed income markets, has revealed an arrangement with LTX, an AI-powered fixed income trading platform supported by global fintech Broadridge Financial Solutions.
Through this partnership, dealers can connect to LTX and onboard more quickly and effectively using TransFICC’s One API for eTrading platform.
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Due to the fixed income sector’s lack of technical resources, venue onboarding can be a difficult and time-consuming process. TransFICC’s dependable and high-performing technology addresses the issues of data throughput, complicated processes, fragmentation, and regulation related to fixed income trading.
Moreover, TransFICC’s One API for eTrading solution can be used by corporate bond dealers who specialise in US Investment Grade, High Yield, and Emerging Market credit products to directly integrate with LTX, streamlining processes, cutting down on complexity, and facilitating quicker access to LTX’s AI-powered corporate bond e-trading platform.
This collaboration is intended to help dealers and other market participants onboard to LTX more rapidly, following the platform’s existing 40+ dealers and 90+ asset managers. TransFICC’s technology simplifies connectivity and improves integration efficiency, allowing market players to smoothly join LTX’s liquidity provider ecosystem.
CEO of LTX, Jim Kwiatkowski stated: “We are excited to partner with TransFICC as we continue to grow our community of liquidity providers – optimising fixed income trading by facilitating workflow and cost efficiencies. Our strategic partnership with TransFICC enables faster time-to-market and simplified access to LTX’s innovative RFQ+ trading protocol, reducing operational burdens. Together, we are lowering the cost associated with trading corporate bonds and helping to deliver best execution to clients.”
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By GlobalDataSteve Toland, co-Founder of TransFICC added: “We’ve seen enthusiasm from clients about speeding up their connectivity to LTX, and we’re excited to integrate to provide mutual clients with simpler connectivity, access to new trading protocols, and enhanced liquidity. We are proud to bring this new solution to the market, as we address the fragmentation and workflow challenges typically associated with fixed income trading.”
