Trumid made a big breakthrough by adding a way for traders to use its platform to initially place bids anonymously, but then negotiate trades directly with credible offers.
Market share for Trumid Financial LLC...was also above average in December. The surge is the latest good news for electronic trading platforms, which have long touted themselves as an oasis in the liquidity-parched bond markets...
The only startup credit platform you hear of anymore is Trumid, which not coincidentally has a new data product that is taking up more and more of the conversation with buy-side clients.
The valuation not only further solidifies Trumid... but also endorses further electronification of the corporate bond market by some of the world’s largest asset managers.
