New York, December 6, 2023 – Trumid, a financial technology company and fixed income electronic trading platform, today announced record trade volume and user participation highlights for November 2023.
November Highlights:
- Record reported average daily volume (ADV) of $4.6B, up 74% year-over-year.
- The continued expansion of liquidity and client activity on the platform set a new all-time high for the average number of users executing a trade each day, up nearly 60% versus November 2022. Over 1,000 traders have transacted on Trumid each month this year.
- Trumid’s broad range of trading protocols helped to unlock valuable network liquidity. A record average number of bonds traded each day across Trumid’s Anonymous, Attributed Trading, Portfolio Trading, and RFQ trading protocols in November.
- Significant growth was seen in Trumid’s new RFQ trading protocol with traded volume up 40% month-on-month. Over 1,000 unique traders have utilized Trumid RFQ since launch.
- Trumid continued its rapid pace of product development. Recent enhancements include:
- New in Trumid PT
- Flexible List negotiation
- Client Bond Exclusions and analysis framework
- Spot-on-Demand
- FIX API phase two (for dealers)
- New in Trumid RFQ
- Trade Best button and visibility of firm/subject quotes
- Estimated price/spread/yield calculations for quotes in the RFQ quotes panel
- T+0 corporate settlement
Trumid press
press@trumid.com
+1 (212) 618-0300
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