TransFICC

TransFICC was co-founded by Steve Toland, Judd Gaddie and Tom McKee, who work alongside a lean leadership team that includes a CFO, Head of Business Development, and Head of Marketing. The three co-founders all previously worked at LMAX Exchange, where Toland ran LMAX Interbank and Gaddie and McKee were senior technology leads. The firm has not publicly designated a sole CEO.

TransFICC delivers a single API that normalizes connectivity and automates trading workflows across multiple fixed-income asset classes — rates, credit, IRS, repo and municipals — rather than selling a standalone terminal or OMS. The firm builds, hosts and manages all software and infrastructure in-house with no required consulting or configuration. This contrasts with legacy vendors that often demand lengthy integration projects.

TransFICC's platform spans US Treasury and other government bond markets (rates), corporate credit, interest-rate swaps (IRS), repo and municipal bonds. The firm also provides a Credit Agent that automates dealer-to-client workflows specifically in credit markets, and a historical data service across covered instruments.

No. TransFICC is a technology provider, not a proprietary trading firm. It sells connectivity and automation software to banks, dealers and trading venues. The firm has raised venture funding from strategic and financial investors but does not deploy that capital into markets.

TransFICC's publicly disclosed investors include Citi, HSBC, ING Ventures, AlbionVC, BlackFin Capital Partners, Illuminate Financial Management and Commerzbank's research and development unit. These backers span both strategic financial institutions and specialist fintech venture capital firms.

TransFICC's credit offering includes a Credit Agent service that automates dealer-to-client workflows, allowing sell-side firms to distribute prices and manage inquiries without manual intervention. The service sits alongside the firm's broader credit eTrading API, which connects to multiple dealer-to-client venues.