Electronic credit closed 2024 on a strong showing with December monthly volume growing 14.7% to US$18.3 billion year–on–year (YoY) while full-year trading volume totalled US$253.6 billion up 32.6% over 2023. Tradeweb is nearly neck-and-neck with MarketAxess, the historic market leader, while Trumid is also gaining market share.
Source: The Desk
Trumid keeps on closing the gap with market leaders
Trumid experienced strong year-end growth, with December ADV up 49% year-on-year to USUUS$4.3 billion. The platform continued its upward trajectory, increasing its overall market share by 35% compared to the prior year. Trumid’s success was driven by the growing adoption of its trading protocols, including RFQ and portfolio trading. In Q4, Trumid (launched in May 2024 read more: https://www.fi-desk.com/trumid-claims-33-market-share-in-may) for RFQ saw a 75% “no touch” execution rate for eligible trades, supporting the platform’s automation strategy.
For the full year 2024, Trumid achieved record trading volumes of US$1.4 trillion, representing a 62% increase year-on-year. Market share expanded by 34% due to accelerated client adoption across investment-grade, high-yield, and emerging market bonds.
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