Tag: Innovation lab

Innovation lab

TransFICC Secures Citi Investment

TransFICC, a provider of low-latency connectivity for fixed income and derivatives markets, has secured a strategic investment from Citi, which joins existing shareholders, Illuminate Financial, Main Incubator (which is part of Commerzbank), and The FinLab.

TransFICC aims to resolve the issue of market fragmentation by providing banks and asset managers with a unified, low-latency, robust and scalable API. TransFICC seeks to enable financial institutions to access their required e-trading venues, while streamlining technology requirements and reducing operational costs. In addition to securing this investment, TransFICC has joined Citi’s Innovation Lab in London, the first external company to do so.