TransFicc builds its own datacenters to cut outsourcing costs

The Ion competitor is looking for better control, lower latency, and improved redundancy.

network cable connecting on network core switch close up

Fixed-income connectivity provider TransFicc is building out its own datacenters in a bid to lower costs for customers of its hosted API service by cutting out outsourced infrastructure providers.

“Most banks are migrating over to using external vendors because these people can do it cheaper than the banks can do it themselves,” says TransFicc co-founder Steve Toland. “However, these external vendors are still expensive, so we decided to do this ourselves.”

TransFicc’s core product is a client

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