Secondly, TransFICC could help to substitute very expensive full-service providers.
In addition, TransFICC guarantees a comprehensible documentation of the initiation, negotiation and pricing – a factor which will become even more important for MIFID II compliance as of January 3, 2018.
TransFICC is the first investment abroad of main incubator. The simple and flexible solution of TransFICC promises banks and traders more flexibility and significant potential savings.
TransFICC was founded in 2016 by Steve Toland, former manager of LMAX, ICAP and Reuters with years of experience in the Capital Markets business, as well as his two co-founders, Judd Gaddie and Tom McKee, who previously worked for LMAX in London as software developers.