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
Execute trades, including large orders, with confidentiality and minimal market impact
Realize enhanced price discovery and execution quality via multiple Swarms on multiple bonds
Source liquidity in new issue, grey bonds, and seasoned bonds
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.