NatWest Selects TransFICC

NatWest Markets has revealed it has partnered with fixed income connectivity solution provider TransFICC as part of its technology transformation.

The bank says by partnering with fintechs like TransFICC, it is more able to offer simple and modern technology, that delivers the most efficient infrastructure to our customers.

TransFICC resolves the issue of market fragmentation, by providing banks and asset managers with a unified low-latency, robust and scalable API. It enables financial institutions to access their required e-trading venues, while streamlining technology requirements and reducing operational costs.

“The structural changes taking place in financial markets require us to be nimble and innovative, so we have formed close partnerships with TransFICC and other FinTechs, which enable us to implement best-of-breed technology solutions quickly,” says Royston Firth, e-FI technology, at NatWest Markets. “Our customers benefit from the added technology services we’re able to provide.”

Gary Adams, head of e-FI Trading at NatWest Market, adds, “As our Rates business continues to grow and more trading is transacted on electronic venues, it is important that we trade with our customers using modern and efficient technology. TransFICC was able to offer fixed income API connectivity and workflow tools, combined with modern, fast, flexible and scalable technology.”

Meanwhile, Steve Toland, co-founder of TransFICC, says, “Both firms are aligned on deploying advanced technology solutions and contribute to open source projects, which demonstrates a commitment to raising industry standards through collaboration.”