NEW YORK, Feb. 4, 2020 /PRNewswire-PRWeb/ -- Trumid, a financial technology company bringing trading efficiency and market intelligence to credit professionals, has announced a record month of activity in January on Trumid Market Center, the company's electronic bond trading platform. Market Center users can trade anonymously or on a disclosed dealer-to-client basis via Trumid's Attributed Trading protocol. Both protocols had record trading volumes and user participation in January.
Trumid average daily trading volume for the month of January was $761mm, a 325% increase from January 2019 and a 241% increase from full-year 2019. User participation on the platform continues to expand with nearly 500 users executing a trade in January. Trade size on the platform also continues to grow, driven by average Attributed trade size above $6mm. Over one third of Attributed Trading volume in January was in trades of over $10mm size.
"Using technology to improve trader workflow has been a large focus for us coming into 2020," said Mike Sobel, President of Trumid. "We're encouraged by the rapid adoption that we're seeing across our buyside and sellside users."
About Trumid
Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and innovative products. Trumid Market Center, the company's electronic trading platform, provides corporate bond market professionals with direct access to anonymous and counterparty-disclosed liquidity. Trumid's products leverage the network effect and data science to empower all credit market participants with business intelligence to make more informed decisions. 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.
SOURCE Trumid
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