New York, November 7, 2023 – Trumid, a financial technology company and fixed income electronic trading platform, today announced record trade volume and user participation highlights for October 2023.
October Highlights:
- Record reported average daily volume (ADV) of $4.3B, up 79% year-over-year.
- October set a new all-time high for average number of users executing a trade each day, up 50% versus October 2022. Over 1,000 traders transacted on Trumid for the tenth consecutive month.
- With network engagement at its highest levels, the continued expansion of liquidity and client activity on the platform drove record market share for overall trading, up 81% year-over-year.
- Significant growth contribution came from Trumid’s new list-based trading protocols. Trumid PT and RFQ had a record month for traded volumes, both up around 25% month-on-month. A record number of clients executed list trades.
- Over 950 unique traders have utilized Trumid RFQ since launch with nearly 75% of them executing a trade.
- Trumid PT saw a record number of lists traded in the month of October. Roughly 500 high yield, investment grade, and emerging market portfolio trades have been executed since launch.
- Trumid’s new issue market share grew around 50% year-over-year with a record market share of all secondary trading in newly issued bonds. Nearly a quarter of all high yield new issue secondary market volume traded in Trumid’s Grey and Anonymous all-to-all swarms protocol in October.
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.