Trumid

Trumid is a FinTech company and fixed-income electronic trading platform focused on US dollar-denominated investment-grade, high-yield, distressed, and emerging market bonds. Trumid offers a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform.

Trumid's key product offerings include Anonymous, Attributed Trading (AT), Portfolio Trading, and Request for Quote (RFQ) trading protocols. The AT protocol enables sell-side dealers to stream prices to over 625 institutional buy-side customers. 

Trumid's Portfolio Trading and RFQ protocols, launched in February 2023 and June 2023 respectively, have gained significant traction. The RFQ protocol allows clients to initiate, view, and respond to disclosed, fully anonymous, or partially anonymous single bonds or list RFQs within Trumid's platform. 

Trumid reported a record average daily volume (ADV) of USD 6.4 billion in January 2024, up 90% YoY. 

Key customers and partnerships

Trumid has an engaged and connected client network of approximately 800 institutions (as of December 2023), with over 1,000 traders transacting on the platform every month in 2023. The platform's clients include hedge funds, asset managers, and algorithmic liquidity providers.

In September 2022, Trumid collaborated with SS&C Technologies Holdings, allowing SS&C's Eze OMS clients to access Trumid's trading network and liquidity. Trumid has also formed partnerships with major banks such as J.P. Morgan, Citi, and Goldman Sachs to expand its reach and liquidity.