Trumid Reports October Performance
Electronic bond trading platform announces record monthly activity
NEW YORK, Nov. 4, 2021 /PRNewswire-PRWeb/ -- Trumid, a financial technology company and fixed income electronic trading platform, announced trade volume and user participation highlights for the month of October. Trumid combines technology, intuitive design and market expertise to deliver a differentiated trading solution to its community of users.
As of October 25 2021, Trumid made changes to its Attributed Trading protocol which streamlined the company's regulatory reporting requirements and broadened access to the protocol. While user workflows and total client volume on the platform are unaffected, Trumid's TRACE reporting has been adjusted to reflect this change.
Trumid experienced record trade volume and client engagement in the month of October. Total Client Volume ADV was $2.5B, representing 94% year-over-year growth. TRACE Reported ADV was $1.4B, year-over-year growth of 85%. Trumid's expanding and integrated client network continues to drive activity and liquidity growth. Over 1,000 traders were active on Trumid in October, a monthly record. A record number of unique bonds also traded on the platform in October.
About Trumid
Trumid is a financial technology company building tomorrow's trading network. The company optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated and easy to use trading solution for its community of users. 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) 618-0903, [email protected]
SOURCE Trumid
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