Adoption of Trumid’s technology continues to expand” said Mike Sobel, President of Trumid. “Network effect benefits and an exciting development pipeline will continue to increase liquidity and value on the platform.
NEW YORK (PRWEB) March 05, 2020
Trumid, a financial technology company bringing trading efficiency and market intelligence to credit professionals, has announced a record month of activity in February on Trumid Market Center, the company’s electronic bond trading platform.
In the month of February, Trumid’s trading platform averaged over $1B in volume per day, representing a 501% increase from February 2019. A record number of daily users were active and successful in executing trades last month. Block trades remain a focus for Trumid - 50% of February’s volume in the Attributed Trading protocol was in trades of over $10mm size.
“Adoption of Trumid’s technology continues to expand” said Mike Sobel, President of Trumid. “Network effect benefits and an exciting development pipeline will continue to increase liquidity and value on the platform.”
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.