TransFICC Receives Fresh Investment From Citi, Joins Innovation Lab

[kreslik.news]

TransFICC, a provider of low-latency connectivity for fixed income and derivatives markets, announced this Monday that it has received investment from Citi. The start-up did not confirm how much investment it received from the global financial-services giant.

Judd Gaddie, Co-Founder, TransFICC commented on the deal saying: “Fragmentation is a significant, and growing, issue for Fixed Income and Derivatives markets. We have built a technology solution, which addresses an industry level problem, as Dealers seek to cut their costs and improve efficiency, whilst still needing to access numerous pools of liquidity. We look forward to working with Citi, ... (read more)