NEW YORK (PRWEB) June 05, 2020
Trumid, a financial technology company bringing trading efficiency and market intelligence to credit professionals, has announced a record month of activity on Trumid Market Center, the company’s electronic bond trading platform. Trumid has experienced new record trading volumes every month of 2020.
In May, Trumid monthly trade volume reached $24.6B, a 542% year-over-year increase. A record 745 traders were active on the Trumid platform, reaching all-time high activity levels in both anonymous and Attributed Trading protocols. With market-wide volumes declining sequentially in May, Trumid’s user engagement and trading volume led to record market share for the company.
“Market conditions have normalized a bit, but operating conditions are still challenging for many of our users. Transparency and access to liquidity are more important than ever,” said Trumid’s President Mike Sobel. “We’re proud that our tools are proving valuable and that adoption of them is expanding quickly.”
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.