New York, NY (PRWEB) May 20, 2021 Trumid, a financial technology company and fixed income electronic trading platform, will collaborate with Jefferies to
Trumid Reports April Performance NEW YORK (PRWEB) May 05, 2021 Trumid, a financial technology company and fixed income electronic trading platform, announced trade volume and user participation highlights for the month of April. Trumid uses innovative technology and product design to bring efficiency, transparency, and liquidity to credit trading.
Trumid’s ADV in April was $1.8B, representing a 66% increase year-over-year. Despite a decline in market-wide volumes, the company’s market share grew 135% year-over-year, driven by an expanding and increasingly engaged community of users. Trumid continues its leadership in dealer-to-client workflow solutions and the platform’s Attributed Trading (AT) protocol experienced a record number of users executing AT trades.
Ben Sobel Joins Trumid as Head of Emerging Markets
Share Article
Trumid pushes further into EM with launch of Attributed Trading protocol
Ben is an EM expert, with deep understanding of its market structure and client base,” said Trumid Founder and CEO Ronnie Mateo. “We’re committed to our Emerging Markets franchise and excited to have Ben on our team. NEW YORK (PRWEB) April 28, 2021 Trumid, a financial technology company and fixed income electronic trading platform, has hired Ben Sobel as its Head of Emerging Markets. Ben has over 15 years of experience in Emerging Markets, in senior sales and trading roles at Lehman Brothers, Nomura, Bank of America and most recently Goldman Sachs. Ben’s EM expertise complements Trumid’s leading edge trading platform and activated network, strengthening the company’s commitment to collaborate with clients to build innovative trading products and solutions.
Trumid Reports March Highlights NEW YORK (PRWEB) April 07, 2021 Trumid, a financial technology company and fixed income electronic trading platform, announced record trade volume and user participation in the month of March. Trumid uses innovative technology and product design to bring efficiency, transparency, and liquidity to credit trading.
Trumid’s ADV in March was $2.1B, representing a 123% increase year-over-year and a 48% increase month-over-month. Platform engagement has been high throughout 2021, including 910 active users on the platform in the month of March. Elevated participation has led to record user success rates for the 550 buy and sell side institutions within the Trumid network.
About Trumid
A new trading platform for the Asian bond market that was spun out of the Singapore Exchange (SGX) is bulking up in Hong Hong. XinTru is a joint venture between SGX, US credit trading specialist Trumid and private equity firm Hillhouse Capital. It launched in February and has made a series of eye-catching hires.
The JV operates Trumid XT, a trading platform that connects SGX’s Bond Pro and Trumid’s Market Center. Loh Boon Chye, CEO of SGX refers to TrumidXt as “the missing link between Asian and U.S. markets.”
Trumid XT’s status as a new fintech has already attracted trading talent in Hong Kong. This month it hired Killian Tracey, the former head of Asian credit trading at Credit Agricole CIB as a managing director. Tom Carlone also joined as an MD from Citi Securities-owned brokerage CLSA.