Algorithmica partners with TransFICC for swap electronic trading pricing
London, New York, Stockholm, 14 May 2025 – Algorithmica, a leading provider oftechnology for quantitative analytics and pricing today announced itspartnership with TransFICC, the specialist provider of low-latency connectivity,workflow and trading applications for Fixed Income and Derivatives markets.
The collaboration integrates Algorithmica’s Quantlab engine into TransFICC’s TransACT service for the automated pricing of swap RFQs. The solution is made available to Tier 2 and 3 banks looking for an external swap pricing engine to use with TransFICC’s GUI and workflow.
Niclas Holm, CEO and founder of Algorithmica, said, "We are seeing a growing demand for faster, automated, and more profitable fixed-income trading. With Quantlab youget the fastest and most versatile swap pricing engine available. We are delighted to partner with TransFICC, a firm that shares our commitment to integrating cutting-edge technology and delivering a superior client experience at the core of its platform.”
He added, “Quantlab offers firms exceptional pricing and analytics across a broad range of fixed income instruments. Our comprehensive framework supports curve-based market making, equipping users with the necessary tools to monitor and control models in real time.”
Steve Toland, co-founder of TransFICC, said “TransFICC’s original focus was Tier 1 and 2 dealers which wanted to build their own trading applications on top of our hosted ‘One API’ service. We are now building eTrading service components, including TransACT for automated RFQ quoting and trading, and Trader GUIs, which all dealers require to quote quickly and remain competitive. Algorithmica’s swap pricing engine is now integrated with our service, offering a strong alternative for banks seeking an external solution.”
ABOUT THE COMPANIES:
Algorithmica is a leading European quantitative financial analytics, risk and data management solutions provider. Algorithmica delivers its technology and domain expertise to many of Europe’s largest financial institutions. Founded in 1995, Algorithmica, an Advisense company, has a presence in Stockholm (HQ), Copenhagen, Oslo, London and Frankfurt.
TransFICC provides trading technology for Fixed Income. TransFICC builds high performance and robust technology to address the issues of fragmentation, complex workflows, data throughput and regulation. Services include ‘One API for eTrading’, Data Centre Hosting, and ‘IRS and Credits eTrading’, which deliver workflow efficiency, low latency, scalable and secure connectivity for banks and the buy-side.
For further information, please visit www.transficc.com