T. Rowe's trading teams will take advantage of Propellant's advanced technology solution.
London and Amsterdam, June 24, 2025 – Propellant Digital (Propellant), a leading technology provider specialising in fixed-income data analytics, today announced the launch of FIX Streaming following the success of pilot client trials.
Specifically, this new infrastructure service enables clients to integrate low-latency intraday transparency data for Bond, Interest Rate Swap (IRS) and Exchange Traded Fund (ETF) instruments via the industry-standard FIX protocol.
Complementing Propellant’s existing high-quality technology solutions for fixed income data, streaming via the FIX protocol now gives Propellant clients direct access to crucial market data. With a strong emphasis on system integration and data processing efficiency, Propellant FIX Streaming provides seamless integration into client trading infrastructure and market data systems - going beyond generic feeds to significantly improve platform accessibility whilst enabling enhanced analysis and improved trading outcomes for clients.
As part of the service, Propellant provides the technology infrastructure that enables access to an aggregated stream of post-trade transparency data from both the EU and UK - positioning clients to align early with the expected structure of dual consolidated tapes.
Established in 2021, Propellant has rapidly gained traction among top-tier sell-side and buy-side institutions that are leveraging its analytics platform to enhance trading strategies, streamline workflows, and make more informed decisions.
With its streaming infrastructure now live, Propellant differentiates itself from emerging transparency technology solutions by focusing on technical integration, processing quality, and delivery resilience. Propellant also signals its expansion into the United States by expanding its technology offering to cover TRACE data for bonds and SDR data for derivatives. This strategic move further reinforces its vision of creating a unified technology solution that can provide a global view of all fixed income markets through a single, central source for all market and reference data content.
Vincent Grandjean, Founder and CEO at Propellant, stated:
“FIX Streaming is a technology capability designed to help firms prepare for the future of fixed income market structure. As the UK and EU progress toward consolidated tapes, we’re giving our clients a head start - offering the infrastructure and integration they’ll need to take full advantage when those tapes go live. Our focus remains on delivering tools that bring transparency data directly into workflows, where it can support better execution and decision-making.”
Allan Horgan, CTO at Propellant, added:
“This launch marks a meaningful technical evolution in how Propellant delivers fixed income data infrastructure. By moving from client-side polling to a true streaming model, we’re able to provide delayed intraday updates as they become available, significantly improving efficiency and responsiveness. This also establishes a strong foundation for expanding streaming delivery across additional datasets in the near future.”
For more information about onboarding onto the new FIX system, please contact sales@propellant.digital.
About Propellant Digital
Propellant Digital is an award-winning technology company specialising in fixed Income data analytics. Our founders are trusted specialists in transparency and trading data, and passionate about making bond, swap, and ETF markets more transparent.
Financial institutions face challenges in extracting value from growing volumes of European and US transparency data, and Propellant delivers practical, responsive technology that transforms this data into actionable insights. We help global and regional banks, asset managers, hedge funds, trading venues, regulators, and industry associations to analyse transparency and trading data in near real-time. Our unique analytics cloud platform leverages the most extensive global fixed Income dataset available, providing users the insights they need to improve trading strategies, streamline workflows, and make informed trading decisions.
For more information on Propellant Digital, visit https://propellant.digital/ or contact sales@propellant.digital
