Electronic bond trading platform announces monthly activity
NEW YORK, May 8, 2023 /PRNewswire-PRWeb/ -- Trumid, a financial technology company and fixed income electronic trading platform, today announced trade volume and user participation for the month of April.
April Highlights:
- Trumid continued to be a trusted source of liquidity in April, with reported average daily volume (ADV) of $3.1B, up 54% year-over-year and record overall market share, up 63% versus April 2022.
- Momentum from the first quarter continued in April with over 1,000 users trading on the platform for the fourth consecutive month. Healthy activity across Trumid's Anonymous, Attributed Trading (AT), and Portfolio Trading protocols drove 37% growth in the daily number of users executing a trade last month.
- Trumid had record high yield market share in April, up 57% year-over-year. Outperformance was driven by record user participation in high yield all-to-all trading.
About Trumid
Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. 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 an offer would be unlawful under the relevant domestic law. Trumid Financial LLC is a member of FINRA and SIPC.
Media Contact
Trumid Press, Trumid, 1 (212) 618-0300, [email protected]
SOURCE Trumid
Share this article