NEW YORK (PRWEB) December 05, 2019
Trumid, a financial technology company bringing trading efficiency and market intelligence to credit professionals, has announced a record month of trading volume in November on Trumid Market Center, the company’s electronic bond trading platform. During November, Trumid’s single-day volume surpassed $1 billion for the first time.
Trading volume grew 230% year-over-year in November, with an average daily trading volume of $480 million. User participation also increased, with a record number of 413 users trading on the platform in November. Trumid’s client network has continued to expand this year, now above 450 buy and sell-side institutions.
“Our Attributed Trading protocol has helped to drive large increases in both volume and user participation during the second half of 2019,” said Mike Sobel, President of Trumid. “We’re excited about our pipeline of innovative liquidity solutions for 2020.”
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 market intelligence and anonymous or attributed 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. Trumid was founded in 2014 by credit professionals with over 100 years of trading experience and is headquartered in New York City. 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.