NatWest Markets implements TransFICC API for fixed income connectivity  

As the rates business at NatWest Markets continues to grow, TransFICC will provide more efficient connectivity to its clients.

NatWest Markets has partnered with fixed income and derivatives venue connectivity specialist TransFICC to drive its fixed income technology transformation.

Through the partnership, NatWest Markets will use TransFICC’s connectivity and workflow tools as it looks to modernise its fixed income infrastructure and reduce costs for clients. 

TransFICC aims to resolve the issue of market fragmentation by offering banks and asset managers a low latency API, allowing participants to access various trading venues.

“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,” said Gary Adams, head of eFI trading at NatWest Markets.

“TransFICC was able to offer fixed income API connectivity and workflow tools, combined with modern, fast, flexible and scalable technology.” 

The partnership follows a string of improvements to TransFICC’s offering in the last six months, recently partnering with trading technology provider SoftSolutions! to deliver a cloud-based trading service in May.

The technology vendor also completed a dedicated enhancement of the Aeron messaging platform to allow for the clustering on fewer machines to improve server utilisation for clients in October last year.

“We are delighted that NatWest Markets has chosen our technology to help manage its fixed income API translation and workflow automation,” said Steve Toland, co-founder of TransFICC.

“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.”