“Our auto-negotiation service provides the code, support, and security out of the box.”
TransFICC has announced the launch of TransACT, a new service designed to automate Request for Quote (RFQ) negotiation workflows for banks active in Dealer-to-Client (D2C) venues.
D2C trading venues present a challenge due to their support of multiple, distinct RFQ negotiation workflows. Such diversity complicates the development of automated systems for responding to customer RFQs, which requires extensive mapping, coding, testing, and maintenance.
Enter TransACT, a solution that alleviates the burden by automating the negotiation process, where the bank only needs to provide a customer price, while TransACT manages all other aspects of the RFQ negotiation.
“Code, support, and security out of…
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