TransFICC and Wells Fargo Forge Strategic Sourcing Agreement for Fixed Income Markets

TransFICC, a leading provider of low-latency connectivity solutions for Fixed Income and Derivatives Markets, has finalized a strategic sourcing agreement with Wells Fargo. The partnership includes the implementation of TransFICC's One API service, initially integrating with major trading venues such as Tradeweb, Bloomberg, Octaura, GLMX, Aladdin, LTX, and Investortools. Additional venues are slated for future inclusion.

The One API service standardizes data, trading, and post-trade APIs from multiple platforms into a unified format, streamlining venue integration for clients. "Wells Fargo is a powerhouse in US Fixed Income," said Steve Toland, co-Founder of TransFICC. "This collaboration will automate their workflows across Rates, Credit, Muni, Mortgage, and Loan markets while expanding connectivity to European and Asian venues via our global network."

TransFICC addresses market fragmentation by offering trading technology that enhances workflow efficiency for banks and asset managers worldwide. Its platform supports diverse asset classes, including Rates and Credit Bonds, Repos, Mortgage-Backed Securities, Loans, and Interest Rate Swaps. The firm counts 17 sell-side clients, four buy-side clients, and three Exchange groups among its clientele, including Citi, NatWest, NAB, Santander, and now Wells Fargo.