Fixed income technology providers Propellant Digital and TransFICC have entered a partnership that will give TransFICC clients access to Propellant’s post-trade transparency data and analytics across US, UK and European fixed income markets, according to a press release.
The integration will make Propellant’s data available through TransFICC’s connectivity and workflow platform, allowing firms to incorporate analytics into existing trading and operational processes.
Propellant aggregates, normalises and cleanses data from multiple market sources to provide a consolidated view of fixed income activity. “The tape is not the hard part. Making fragmented post-trade data consistent, reliable and usable is,” said founder and CEO Vincent Grandjean.
The announcement follows further expansion of Propellant’s data coverage, including TRACE integration and planned connectivity to the UK Consolidated Tape.
Credit Agent
For TransFICC, the partnership comes after the launch of Credit Agent, a workflow automation service for dealer-to-client credit markets.
“Partnering with Propellant aligns with TransFICC’s vision of enabling automated trading and providing access to all global fixed income markets and data sources from a single API or GUI,” said CEO Steve Toland.
