Quinsol Software, a startup innovator in fixed-income trading solutions, has announced a strategic partnership with TransFICC.
This collaboration aims to integrate Quinsol’s Bond Price Hub into TransFICC’s eTrading Service, streamlining bond trading for banks and brokers globally. The integration is designed to enable faster, more automated, and more profitable fixed-income trading.
TransFICC, established in 2016, provides trading technology solutions that address issues such as market fragmentation, complex workflows, data throughput, and regulatory compliance. Its services include an application programming interface (API) for electronic trading covering interest rate swaps (IRS) and corporate bonds, and the development of a consolidated tape in Europe.
Steve Toland from TransFICC noted, “TransFICC’s original focus was Tier 1 and 2 banks who wanted to build their own trading applications on top of our hosted ‘One API’ service. We are now building eTrading service components, including TransACT for automated RFQ quoting/trading and Trader graphical user interfaces (GUIs) which all banks require as they need to quote quicker and reduce costs to remain competitive. Quinsol’s Bondhub provides a pricing engine component which is already integrated with our eTrading service.”
In recent news, TransFICC confirmed in November 2024 its intention to bid for the fixed-income consolidated tape provider role in the UK and Europe. Co-founder Steve Toland emphasised the company’s readiness, stating, “We’re utilising existing technology, we don’t have to go and hire anyone, and we don’t need to raise any money.”
https://www.fi-desk.com/transficc-confirms-ctp-bid-we-know-it-works/
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