IPC and TransFICC have teamed up to provide 6,000 fixed income market participants with access to multiple electronic venues.
IPC’s network will gain access to TransFICC’s application programming interface (API) which allows market data throughput and connectivity to new fixed income and derivatives liquidity venues.
The IPC ‘Fixed Income Marketplace’ is a connectivity service for market participants to trade fixed income instruments electronically or via voice.
Tim Carmody, global product management and engineering for the financial markets network at IPC, explained electronification, bank balance sheet restraints and fragmentation continues to affect global markets.
“Secure and reliable connectivity is crucial to sourcing liquidity, linking market participants and enabling all-to-all trading for fixed income market participants,” he said.
Steve Toland, founder of TransFICC, added the collaboration with IPC will “offer clients access to the TransFICC platform through IPC’s secure Fixed Income Marketplace, easing the process of connecting to new liquidity venues.”