Anonymous
Click-to-Trade Liquidity

Trumid’s innovative pool of undisclosed liquidity marries limit order and matching-based protocols, resulting in firm, click-to-trade liquidity in sessions throughout the day.

Serving a Growing Need for Anonymous Session-Based Trading

43% of New Issue Secondary Traded Volume

Trumid handled 43% of secondary market activity during the first two days after issuance across its protocols in Q2 2026, with users finding significant value in Swarms trading

Source: Trumid internal data.

Maximize Execution Quality, Minimize Market Impact

Built for High Performance

Swarms can be two-sided executable markets or single-level (“mid”) markets with size and identity concealed. Each Swarm focuses on a single bond, but multiple Swarms can run simultaneously, enhancing price discovery and execution quality. 

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