NEW YORK (PRWEB) November 05, 2020
Trumid, a financial technology company and fixed income electronic trading platform, announced record monthly volumes and breadth of liquidity in October. Trumid strives to use innovative technology and product design to bring efficiency, transparency, and liquidity to credit trading.
In October, Trumid trade volume reached a record $27.4B, representing 410% growth year over year. Additionally, breadth of liquidity on Trumid’s Market Center continues to expand, with a record number of bonds with trading interest and transactions in October. A record 792 users were active on the platform, trading 1,240 unique bonds across the company’s Anonymous and Attributed Trading (AT) protocols.
User participation and volume growth on the Trumid platform continue to drive market share gains. The company had 16.8% market share in the top 25 most active bonds in the overall market and 15.7% market share in the top 25 most active newly issued bonds in October.
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 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.