Trumid Reports July Performance

News provided by

Trumid

Aug 08, 2023, 08:00 ET

NEW YORK (PRWEB) August 08, 2023 -- Trumid, a financial technology company and fixed income electronic trading platform, today announced trade volume and user participation highlights for the month of July.

July Highlights:

  • Reported average daily volume (ADV) of $3.3B, up 54% year-over-year.
  • Continued network activation drove record overall market share and record U.S. investment grade market share, both up around 40% versus July 2022.
  • July was the seventh consecutive month with over 1,000 users transacting on the platform and the second consecutive month with over 5,000 unique bonds traded.
  • More than half of all active clients on the platform traded in multiple Trumid trading protocols, valuing the unique integration between workflows within the Trumid application.
  • Trumid’s newer list-based trading protocols continued to gain traction. Over 800 network users have now initiated an RFQ since launch with close to 70% of them executing a trade. Increased client adoption fosters user feedback, helping to rapidly advance the protocols. In Portfolio Trading alone, thirty-six enhancements have been delivered in the past few months, significantly streamlining what has historically been a complex workflow for clients.

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 broker dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and is a member of FINRA and SIPC.

Trumid Press, Trumid, http://www.trumid.com, 1 2126180300, [email protected]