TransFICC, a leading provider of low-latency connectivity and workflow solutions for the Fixed Income and Derivatives markets, has closed a $25 million Series B funding round. The investment was led by Citadel Securities, with strong support from BlackFin Tech and existing backers.
This latest round brings TransFICC’s total funding to $50 million. Notable investors in the company also include AlbionVC, Citi, HSBC, Illuminate Financial, ING, and neosfer—the innovation arm of Commerzbank Group.
Renowned for its cutting-edge technology, TransFICC delivers essential infrastructure that enables efficient and electronic trading across a wide range of Fixed Income products. The new capital will be used to broaden the company’s product portfolio and strengthen its market footprint.
A major recent development is the launch of TransACT, an Automated Customer Trading platform initially introduced for the Credit markets. In response to growing market demand for automation—spurred by trends such as the rise of Fixed Income ETFs and all-to-all trading—TransACT is expanding to include Government Bonds, Interest Rate Swaps (IRS), and Repos.
TransFICC is also enhancing its technology stack, with newly developed data centre hosting capabilities across North America, Europe, and Asia. These enhancements allow clients to host their trading applications directly on the TransFICC platform, significantly reducing latency. Looking ahead, the company plans to further streamline venue connectivity and workflow integration to provide faster, more cost-effective access for its clients.
Amit Bhuchar, Citadel Securities, commented:
“Citadel Securities has a long history of developing innovative solutions to help our clients and partners address their most complex liquidity and execution challenges. We are pleased to partner with TransFICC to shape the future of Fixed Income market making through increased automation, connectivity and efficiency.”
Michele Foradori from BlackFin Tech added:
“TransFICC is providing a piece of critical infrastructure for Fixed Income markets. We are excited by the pace of innovation taking place in this space and fully embrace Steve, Judd and Tom’s vision to make TransFICC the go-to solution for all market participants to electronically trade any Fixed Income product.”
With robust backing and a clear strategic roadmap, TransFICC is well-positioned to drive the next phase of digital transformation in Fixed Income markets.
