New York, NY (PRWEB) May 18, 2017
Trumid, a financial technology company that improves trading efficiency and market intelligence in the corporate bond market, today announced the completion of its acquisition of fellow all-to-all trading platform, Electronifie. The acquisition will increase the size and diversity of the Trumid user network and strengthen Trumid’s team and technology offering.
Upon closing, over 350 institutions will be on board Trumid Market Center, the company’s all-to-all trading network for corporate bonds. Amar Kuchinad, Electronifie’s CEO and Founder, will join Trumid as Chief Strategy Officer.
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.