Outsourced connectivity specialist Bondecosystem® has partnered with financial technology company, TransFICC, to deliver a premier connectivity solution to the bond market, resulting in ultra-low latency execution and fast, reliable and scalable connectivity to electronic Fixed Income venues.
The collaboration between Bondecosystem and TransFICC enables bond traders to benefit from Bondecosystem’s connectivity and hosting solutions and TransFICC’s ‘One API for eTrading’ software which supports fast and scalable data throughput. This is essential with more than 120 electronic venues currently established and an explosion in market data rates.
Bondecosystem – part of FXecosystem – has a Point of Presence in the key Equinix datacentres globally: LD4 (London), NY4 (New York), HK1 (Hong Kong) and SG1 (Singapore). Through its Meet-Me-Room™(MMR) ecoworld, Bondecosystem provides a single point of entry to connect to bond market participants on a global scale. In addition to ultra-low latency network connectivity, Bondecosystem offers co-location/proximity hosting and fully managed services, all backed up by 24x7 service and support.
TransFICC’s ‘One API for eTrading’ eliminates the need for banks and buy-side organisations to spend significant resources on coding to venues and updating them when APIs are upgraded – a common occurrence due to the fragmentation in Fixed Income markets. TransFICC’s API simplifies the process, making it easier and quicker to connect to new liquidity venues – often reducing the time from months to days.
James Banister, CEO, Bondecosystem says, “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.”
Steve Toland, Founder of TransFICC adds, “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."
Bondecosystem was set up by FXecosystem to enable bond traders to benefit from its market leading connectivity, which was previously only available to the FX market. Bondecosystem delivers a single point of contact to connect global bond traders to leading ECNs and banks, which enables the merging of asset classes and eliminates the need for multiple leased lines. FXecosystem’s co-location facilities provide proximity hosting solutions to meet all bond trading requirements in LD4, NY4, HK1 and SG1, resulting in enhanced trading execution and operational efficiencies. For further information, please visit www.fxecosystem.com/en/products/bondecosystem/
Launched in 2016, TransFICC provides technology which addresses the three issues of fragmentation, market data throughput and MiFID II/R regulation. Its ‘One API for eTrading’ delivers low latency, scalable and secure connectivity for banks and the buy-side, trading in the fixed income and derivatives markets. The TransFICC development team has significant technical expertise, having previously worked for LMAX Exchange, recognised for its technological excellence and innovation. For further information, visit www.transficc.trade
For media information about Bondecosystem, please contact:
Fiona Butler / Vanessa Green
Tel: +44 (0)1483 563562 /+44 (0)771 333 2303
For further information about TransFICC, please contact:
Tel +44 (0)20 3326 7352 / +44 (0)7860 779 802