Citadel Securities Leads Investment in TransFICC

Citadel Securities has partnered with e-trading technology provider for fixed income markets, TransFICC, to lead a $25 million Series B investment round. According to a story in The Trade news, the investment will provide infrastructure, expanding TransFICC’s electronic trading capabilities in a bid to enhance venue and workflow support.  To date, combined investments raised totals $50 million. According to TransFICC, the technology aims to address challenges presented by the increased adoption of algo tools, all-to-all markets and the rise of fixed income ETFs that are driving demand for automated solutions. TransFICC, which specializes in low-latency connectivity and workflow services for fixed income and derivative markets, launched its TransACT (Automated Customer Trading) service in 2024, which automates request for quote (RFQ) negotiation workflows for banks trading on dealer-to-client (D2C) venues.