Bondecosystem Launches Partnership with TransFICC, Targeting Bond Markets

Photo: Bloomberg

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, looking to provide scalable connectivity to electronic fixed income venues. The aim will be to aggregate Bondecosystem’s connectivity and hosting solutions with TransFICC’s API software, which supports fast and scalable data throughput.

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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.