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Albion leads £5.75m Series A investment round in TransFICC

TransFICC, is a specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets. Led by Albion it has closed its Series A investment round for £5.75 million including new strategic investments from ING Ventures and HSBC.
The investment will be used to extend product and market coverage for existing and new clients. TransFICC’s current clients include five global investment banks and one global market data vendor.
TransFICC resolves the issue of market fragmentation by providing banks and asset managers with a unified low-latency, robust and scalable API. Its ‘One API for eTrading’ platform provides connectivity to multiple trading venues while supporting a variety of workflows across asset classes such as Rates and Credit Bonds, and Interest Rate Swaps. TransFICC enables financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs.

Steve Toland, Founder of TransFICC:

“Our technology solution addresses the significant issue of market fragmentation, whilst enabling trading firms to cut costs and develop a technology stack combining outsourced and in-house technology.”

Robert Whitby-Smith, Partner at AlbionVC:

“We believe TransFICC has a huge opportunity to become the defacto standard API gateway between banks and trading venues. This view is supported by TransFICC’s five banking clients and an extensive prospect pipeline. We are delighted to join such a strong syndicate of investors supporting this exciting opportunity and look forward to working closely with Steve and the team.”