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SGX, Trumid and Hillhouse Capital form joint venture to launch new Asian bond trading platform


SGX, Trumid and Hillhouse Capital form joint venture to launch new Asian bond trading platform
SGX, Trumid and Hillhouse Capital form joint venture to launch new Asian bond trading platform
NEW YORK, Feb. 8, 2021 /PRNewswire-PRWeb/ Trumid, Singapore Exchange (SGX) and Hillhouse Capital have formed a joint venture, XinTru, to enhance liquidity and execution in the Asian bond market for global clients.
This partnership combines Trumid s cutting-edge technology and fixed income expertise, SGX s deep experience in Asian financial market infrastructure and electronic trading, and Hillhouse s expertise and network in Asia and the financial services sector.
XinTru will launch and operate Trumid XT, an electronic bond trading platform powered by advanced technology and rich analytics. With an emphasis on domain-focused and intuitive product design, the platform will seamlessly fit into traders workflows. Trumid XT will connect the commercial footprint and liquidity fr ....

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Trumid Announces New Financing Round - Traders Magazine


Traders Magazine
NEW YORK (PRWEB) JANUARY 13, 2021
Trumid, a financial technology company and fixed income electronic trading platform, today announced the completion of a $50 million financing co-led by new investor DST Global and Dragoneer Investment Group, which led Trumid’s financing in August 2020. The investment values the company at a premium to the most recent financing. Proceeds will be used to repurchase shares from existing shareholders. 
The financing caps a year of exceptional growth at Trumid. Its Market Center trading platform experienced 374% year-over-year volume growth. Trumid’s client network expanded to 530 institutions and the number of users executing a trade on the platform each day grew by 129%. Trumid continues to differentiate itself through nimble technology and product expertise, with 26 technology release cycles to meet its clients’ needs during an unprecedented year.  ....

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