The Trumid Market Center is the company’s flagship offering, an all-to-all electronic trading network and market intelligence platform for corporate bonds. Here’s how it works:
Follow what you are interested in—bonds, sectors, tickers, or tags—and never miss an opportunity to engage live liquidity in your bonds. Your “Watch List” of bonds is dynamically sorted so the bonds with the highest likelihood to trade are always at the top.
The Trumid Market Center uses IOI-based protocols to capture the widest range of axes across our large and diverse network of your peers. There are multiple ways to input your axes and they can be submitted 24/7.
A match is only the beginning. Trumid Labs has developed a model to estimate a fair bid-offer range across ~24,000 bonds in the marketplace—we call them “Trigger Bands.” When you find opposing interest within the Trigger Band, a trading session begins. Aggregating interest around firm and anonymous liquidity helps to ensure best execution.
Our lit and dark protocols work to find the most efficient trading opportunities by giving you an exclusive timeframe to negotiate with opposing interest. If the exclusive time window elapses without a trade, all “Watchers” of the bond are shown the firm two-way liquidity.
Bond Stream provides Market Center participants with an intuitive and customized view of the most important elements of TRACETM data. Bond Stream automatically streams TRACE pricing data for all bonds on a trader’s Watch List, including the bond’s last traded price and size. Market Center participants can initiate a trading session directly within the Bond Stream widget with the click of a button.