TransFICC has released a credit trading and quote negotiation automation tool for dealers pricing on dealer-to-client venues.
Credit Agent routes dealers’ enquiries to stream prices, negotiate and execute automatically based on a price stream, or direct them to traders for manual execution.
It supports on-the-wire workflows, automatic requoting, last look, price tolerance acceptance and auto rejects.
According to TransFICC, large fixed income dealers are seeing up to 40,000 requests for quotes (RFQs) daily and RFQs for smaller trades are increasing at pace.
More than 50,000 RFQs can be processed by Credit Agent each minute.
“The volume of credit RFQs continues to grow and dealers of all sizes need to automate these workflows to satisfy client demand and efficiently capture trade flow. Credit Agent provides the code, support, and security out of the box, meaning dealers can set up in a week and go live within a month,” commented Tom McKee, TransFICC co-founder.
Credit Agent is currently available on Bloomberg Bonds US, MarketAxess US, Tradeweb Cori and Trumid List. The firm plans to offer it through LTX and MTS BondVision in the future.
Earlier this month, TransFICC won the ‘Best Counterparty Connector’ award at The DESK’s Bond Market Awards.
READ MORE: Bond Market Awards 2026: The Winners
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