TransFICC revenue hit $8.1M in 2024

TransFICC generates revenue from customers

TransFICC

London, United Kingdom

About Company RevenueTeamFounder/CEOCEO Net Worth

How TransFICC hit $8.1M revenue with a 64 person team in 2023.

TransFICC is an innovative e-trading technology firm that specializes in offering connectivity and workflow solutions specifically designed for entities engaged in the Fixed Income and Derivatives markets, such as banks and asset managers. Its flagship offering, the "One API for eTrading" product, presents clients with a streamlined alternative to the complex and cumbersome process of maintaining multiple connections with various e-trading platforms. By offering low-latency, scalable, and secure connectivity, TransFICC effectively tackles the challenges posed by market fragmentation, high volumes of market data throughput, and stringent regulatory requirements. The company's services can be summarized into three primary functions: 1. **API Translation**: TransFICC stands out by converting Execution Venue APIs into a singular, unified API. This means clients need to connect just once to TransFICC’s API, after which TransFICC handles all the necessary connectivity with the electronic trading venues on their behalf. 2. **Technology Infrastructure**: The use of cutting-edge technology that assures low latency, high scalability, and robust security is central to TransFICC's operations. This technology infrastructure is crucial for keeping pace with rapid price updates and ensuring that clients do not lose out to high-frequency trading firms in executing trades. 3. **Timestamping for Audit Trails**: TransFICC provides an added layer of transparency and compliance support by offering precise timestamps for price and order messages, measured in microseconds. These timestamps serve as critical records for the time data arrives at a client's system, thereby facilitating a comprehensive audit trail that aids in adhering to Best Execution requirements. Overall, TransFICC's innovative approach to e-trading connectivity and workflow solutions makes it a valuable partner for banks and asset managers looking to navigate the intricacies of the Fixed Income and Derivatives markets efficiently and effectively.

Founded

2016

Founded

Revenue

$8.1M

2023 Revenue

YOY

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YOY

Funding

$0

Funding

TransFICC Revenue

In 2023, TransFICC revenue run rate hit $8.1M in revenue.

  • 2023

    TransFICC hit $8.1M in revenue in 2023

  • 2016

    TransFICC launched in 2016 with $0 revenue

TransFICC Funding History


No funding has been reported for TransFICC yet.

Team

TransFICC has 64 total employees.

DISTRIBUTION QTY
Total team size 64

Founder / CEO

Steve Toland

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Customers

Churn

TransFICC Executives

Name Position Working Email Personal Email
Steve Toland CEO [email protected] -

TransFICC Employees

Name Position Working Email Personal Email
Steve Toland CEO [email protected] -

Frequently Asked Questions about TransFICC

  • When was TransFICC founded?

    TransFICC was founded in 2016.

  • How much revenue does TransFICC generate?

    TransFICC generates $8.1M in revenue.

  • Who is the CEO of TransFICC

    The CEO of TransFICC is Steve Toland.

  • How much funding does TransFICC have?

    TransFICC raised $0.

  • How many employees does TransFICC have?

    TransFICC has 64 employees.

  • Where is TransFICC headquarters?

    TransFICC is headquartered at London, United Kingdom

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