TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives markets, has announced a $25 million Series B investment led by Citadel Securities. BlackFin Tech and existing investors also participated.
TransFICC has now raised $50 million to date from investors AlbionVC, BlackFin Tech, Citadel Securities, Citi, HSBC, Illuminate Financial, ING, and neosfer (the early-stage investor and innovation unit of Commerzbank Group).
Roxburgh Milkins have supported TransFICC since their start-up phase, with Charles van der Lande and Tom Storey advising on this deal.
Find out more: TransFICC Secures $25 million
“Wide-ranging structural changes, including the increased adoption of algo tools, the growth of all-to-all markets and the rise of Fixed Income ETFs are driving volumes up, creating increased demand for automated solutions. TransFICC launched TransACT (Automated Customer Trading) last year to address this need in Credit and is now extending asset class coverage to Government Bonds, IRS and Repo.”
Steve Toland,
TransFICC co-Founder