Propellant has partnered with fintech TransFICC, as part of an effort to bolster trading workflows across global fixed income markets.
Vincent Grandjean
The collaboration allows TransFICC clients to incorporate Propellant’s post-trade transparency data into their existing trading and operational workflows, which is expected to reduce the complexity and operational burden of independently sourcing and normalising data.
By integrating, the two firms aim to provide a more integrated approach for market participants looking to access and analyse fixed income market data, by providing them with deeper, more nuanced insights into market activity.
The move is also set to align with the upcoming launch of the UK consolidated tape for bonds, set to go live on 22 June, and will support firms looking to connect and prepare for the tape’s impact.
Vincent Grandjean, founder and chief executive of Propellant, said: “The tape is not the hard part. Making fragmented post-trade data consistent, reliable and usable is. Bringing Propellant’s analytics to TransFICC’s clients means transparency data reaches the desk in a form they can act on, not a form they have to fix first.”
Read more – Propellant integrates fixed income data with valantic FSA to enhance market transparency
Propellant’s financial market data spans US, UK and European fixed income markets, and aggregates, normalises and cleanses raw data from fragmented sources to provide a consolidated view of global activity.
Steve Toland, chief executive of TransFICC, said: “Partnering with Propellant aligns with TransFICC’s vision of enabling automated trading and providing access to all global Fixed Income markets and data sources from a single API or GUI.”