NAB Taps TransFICC for Tradeweb Connection

Fixed income and derivatives connectivity provider TransFICC says it has successfully implemented its One API service for National Australia Bank’s (NAB) government bonds and interest rate swaps trading on Tradeweb Australia (formerly Yieldbroker).

One API translates APIs from multiple venues into a single normalised format enabling easier venue integration. Following Tradeweb’s purchase of Yieldbroker, TransFICC says its service was used to simplify connectivity and manage migration to the new platform. The firm provides connectivity to multiple trading venues while supporting a variety of workflows across asset classes such as Rates and credit bonds, repos, mortgage-backed securities and IRS.

“NAB was seeking a single integration to Bloomberg and Tradeweb, and now including the Yieldbroker migration, to support its trading of IRS and government bonds,” explains Tom McKee, co-founder of TransFICC. “Adding the complex order workflows for Tradeweb Australia in short timescales was an interesting challenge. Our daily UAT release process enabled the NAB team to test their applications and provide feedback quickly and ensure readiness for cut-over dates.”