NEW YORK (PRWEB) October 07, 2020
Trumid, a financial technology company and fixed income electronic trading platform, announced record monthly volumes and market share in September. The company continues to build an ecosystem of technology-enabled workflow solutions, designed to bring efficiency and connectivity to the credit market.
In September, Trumid trade volume reached a record $26.8B, representing 24% monthly and 326% annual growth. Trumid’s Market Center platform also experienced record participation and liquidity during the month. 540 users executed trades across 1,099 unique bonds in September, both records on Market Center.
Trumid’s Attributing Trading (AT) protocol continues to advance its leadership in bilateral dealer-to-client streaming and trading. The footprint of AT usage continues to broaden amongst dealers and buy-side clients, with a record number of dealer-to-client pairs executing bilaterally on Trumid in September.
Trumid’s volume growth drove record estimated market share of 3.8% in September, up 4x year over year. The trading of new issue bonds continues to be a strength for Trumid, with 14% market share in the top 25 most active bonds issued in September. Trumid is uniquely positioned to build and deploy innovative trading solutions and is the first electronic trading platform to enable the trading of bonds before official pricing, i.e. in the “grey market”.
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.