Trumid Announces Strong August Platform Activity
Sustained trading volume growth leads to record market share
NEW YORK, Sept. 8, 2020 /PRNewswire-PRWeb/ -- Trumid, a financial technology company and fixed income electronic trading platform, has announced record activity and market share for the month of August. The company's unique trading protocols and broad network continue to support expanding liquidity and valuable interactions between its users.
In August, Trumid trade volume reached $21.6B, 17% monthly and 420% annual growth. This represents record market share in both Investment Grade and High Yield corporate bonds. Breadth of liquidity was a record on Trumid's Market Center platform, with 946 unique bonds trading amongst over 700 active traders.
Trumid's leadership in bilateral dealer-to-client streaming and trading continues to grow, with its Attributed Trading (AT) protocol adding value as an aggregated source of quality dealer liquidity.
A record 242 users from the sellside and buyside transacted bilaterally in August using the AT protocol. Trumid's Market Center platform receives streamed liquidity on over 10,000 bonds daily, with an average of 1,500 bonds per day with two-sided liquidity from multiple dealers.
About Trumid
Trumid is a financial technology company bringing efficiency, connectivity and access to credit trading through innovative technology and product design. Trumid's product ecosystem leverages data and the power of the network effect to create transparency, liquidity and efficient trade execution. Trumid Market Center, the company's electronic trading platform, connects corporate bond market professionals to a broad network of liquidity and provides a range of trading protocols to access it. For more information, visit 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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