Bondecosystem Launches Partnership with TransFICC, Targeting Bond Markets

Bondecosystem, a comprehensive platform set up by FXecosystem to offer greater market connectivity to bond traders, has launched a new partnership with financial technology venue TransFICC – the new collaboration will see the deployment of a new connectivity solution to the bond market.

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The partnership between Bondecosystem and TransFICC will target ultra-low latency Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, looking to provide scalable connectivity to electronic fixed income venues. The aim will be to aggregate Bondecosystem’s connectivity and Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term solutions with TransFICC’s API software, which supports fast and scalable data throughput.

The collaboration will benefit from Bondecosystem’s current infrastructure, which presently boasts a Point of Presence (PoP) across multiple key data centers worldwide, including LD4 (London), NY4 (New York), HK1 (Hong Kong) and SG1 (Singapore). By extension, TransFICC’s ‘One API for eTrading’ will look to mitigate and outwardly eliminate the need for banks and buy-side organizations to spend significant resources on coding to venues and updating them when APIs are upgraded

According to James Banister, CEO of Bondecosystem, in a statement on the partnership: “Over the last year we have had in-depth discussions with potential partners and have selected TransFICC for its innovative and cost-effective software. This partnership will help us to achieve our vision of becoming the leading provider of outsourced connectivity to the bond market. I am very excited about our growth opportunities as I believe the combined strengths of both companies provide a highly compelling offering to bond traders worldwide.”

“By working with Bondecosystem, TransFICC is able to provide clients with fast and secure connectivity to their chosen electronic trading venues. We are now testing production software in Equinix with both buy-side and sell-side organisations, conducting performance tuning with testing and live monitoring capability,” explained Steve Toland, founder of TransFICC.