Electronic-trading platform for corporate bonds, network offers anonymous liquidity… Daily users trading up 80% and daily trade volumes nearly doubled in the past year.
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 oases 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.
Hillhouse, an investor in top tech companies including Baidu, Tencent Holdings and JD.com in China and Airbnb and Grab abroad, joins existing Trumid backers to bet on the digitization of bond trading.
