Tradeweb saw its June 2024 fully electronic US credit ADV up 41.4% year-over-year (YoY) to $7 billion, while MarketAxess saw June total ADV up 33.8% YoY. Euronext saw its MTS cash ADV in June reach €41.3 million, up 29% month-over-month (MoM), from €32 million, and a 74% YoY increase. Fixed income electronic trading platform Trumid reported ADV in June as US$4.7 billion, up 47% YoY.
Trumid
Fintech and fixed income electronic trading platform Trumid reported ADV in June as US$4.7 billion, up 47% YoY.
For Q2 2024, ADV grew 61% versus Q2 2023 and overall market share was up 30%.
Trumid RFQ recorded its fourth consecutive quarter of sequential growth with record traded volume, up nearly 40% quarter-over-quarter. Around 600 users initiated a Trumid RFQ in Q2 and around 700 users responded to an RFQ in Q2.
Trumid’s strong high yield momentum continued into Q2 2024. Trumid’s high yield ADV was up 32% YoY.
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