NEW YORK (PRWEB) March 14, 2018
Trumid, a financial technology company and electronic trading platform for corporate bonds, announced today that the Trumid Market Center has seen a substantial increase in trading activity in the months of February and March. Average daily trading volumes on Market Center grew 25% in the month of February and month-to-date March volumes are up 100% from February.
In addition to the record trade volume, daily order flow on the platform has grown by 50% in March, reaching approximately $2 billion per day of executable, click-to-trade liquidity. Trade size has grown as well, averaging above $3 million for the month of March.
The recent growth on the platform has been driven by an uptick in Investment Grade order and trade flow, with particularly strong activity in new issue bonds.
“Investment Grade has been a big focus for us recently and we’re very happy to see more activity in that segment,” explained Ronnie Mateo, CEO of Trumid. “Combined with ongoing improvements in the platform itself, the engagement of our client network is making it easier and easier to get trades done on Trumid.”
Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and intuitively designed products. Trumid Market Center, the company’s 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.