Tom McKee, TransFICC

In order to keep Yieldbroker’s connected dealers, their connectivity had to be changed to what is now called Tradeweb Australia.   

Following Tradeweb’s purchase of Yieldbroker, TransFICC’s service was used to improve connectivity and manage migration to the new platform.  

Read more: Tradeweb completes Yieldbroker acquisition 

TransFICC’s One API translates APIs from various venues into a single normalised format allowing for simplified venue integration.  

“NAB was seeking a single integration to Bloomberg and Tradeweb, and now including the Yieldbroker migration, to support its trading of IRS and government bonds. TransFICC’s One API was selected as the right solution to ensure ongoing connectivity and seamless API changes,” said Tom McKee, co-founder of TransFICC.  

“Adding the complex order workflows for Tradeweb Australia in short timescales was an interesting challenge. Our daily UAT release process enabled the NAB team to test their applications and provide feedback quickly and ensure readiness for cut-over dates.”  

The move follows TransFICC entering a strategic partnership with Broadridge’s LTX last November, enabling dealers to efficiently onboard and connect to LTX, via TransFICC’s One API for eTrading platform. 

Read more: Broadridge’s LTX and TransFICC enter strategic partnership 

The development aims to offer sell-side clients simplified integration and connectivity to LTX, reduced operational risk and implementation costs, and improved time-to-market. 

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Kate Birchall will be responsible for overseeing the business’ operations in the region, including the CCP’s existing over-the-counter (OTC) derivatives clearing activity in Singapore and Tokyo.

Birchall’s most recent role with NAB was head of portfolio optimisation and collateral, and had previously held positions with KPMG, Lloyds, Canadian Imperial Bank of Commerce, and Australia and New Zealand Banking Group.

Based in Sydney, Birchall with report to Martin Pluves, chief executive of LCH.

“She [Birchall] brings with her substantial experience of the markets in Australia and internationally, and will be an asset to our leadership team,” commented Pluves. “In her new role she will oversee our growing business in Asia-Pacific, fostering relationships with market participants in the region, and leading our colleagues based in Australia and Japan.”

Birchall will replace Marcus Robinson, who has assumed the role of LCH’s head of business development, based in London.

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