"Daily average order volume on the platform is up 80% year-over-year, and the number of traders active on the platform each day is up 65%"
NEW YORK (PRWEB) November 30, 2017
Trumid, a financial technology company bringing trading efficiency and market intelligence to corporate bonds, announced today that $5 billion in volume has traded on the Trumid Market Center platform since Labor Day, 2017. The all-to-all trading network has experienced a meaningful uptick in activity, with daily average trade volume more than doubling since the same period last year.
“We’ve seen significant growth on the platform over the past couple of months,” said Mike Sobel, President of Trumid. “Not just growth in trade volumes, but also in user engagement. Daily average order volume on the platform is up 80% year-over-year, and the number of traders active on the platform each day is up 65%."
In addition to offering increased liquidity on the platform, Trumid will be introducing a number of new features aimed at improving client experience and workflow. Highlights include bulk order entry, increased flexibility in treasury execution and the continued expansion of connectivity and integration with third-party and proprietary OMS providers.
Trumid has also seen significant client interest in its new market intelligence products, including FVMP (Fair Value Model Price). FVMP provides real-time bond pricing with high reliability and can be delivered to users by a variety of deployment methods.
Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and beautifully simple products. Trumid Market Center, the company’s all-to-all electronic trading and market intelligence platform, provides corporate bond market professionals with direct access to anonymous liquidity. Trumid’s products leverage the network effect and data science to empower all credit market participants to make more informed decisions. Trumid was founded in 2014 by credit professionals with over 100 years of trading experience and is headquartered in New York City. Learn more at: http://www.trumid.com
Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such offer would be unlawful under the relevant domestic law.