New York, January 11, 2023 – Trumid, a financial technology company and fixed income electronic trading platform, today announced trade volume and user participation highlights for December and for the full year of 2022.
December Highlights:
- ADV of $1.4B, up 76% year-over-year
- U.S. investment grade market share up 63% year-over-year
- Increasing breadth of liquidity, average number of unique securities traded daily up 78% compared to December 2021
Full Year 2022 Highlights:
- Platform activity surged driven by a growing and engaged user network of nearly 700 buy-and sell-side institutions. Reported trade volume grew 87% year-over-year, with record overall market share, up 78% year-over-year.
- Strong liquidity depth and breadth across the platform resulted in a record number of users executing a trade each day, up 42% from 2021, and a record number of unique bonds traded daily.
- Despite a more than 30% decline in primary market activity in 2022, Trumid was a leading source of actionable liquidity, especially around new issues. Trumid’s market share in new issue bonds grew 66% year-over-year, with over 1,000 users trading them on the platform.
- Trumid continued to grow its dealer-to-client protocol, Attributed Trading (AT). In addition to onboarding important new dealers, Trumid’s AT network also expanded to include leading algorithmic liquidity providers. 40 dealers now stream actionable market data into AT.
Trumid press
press@trumid.com
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About Trumid
Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.