Trumid Continues Record Growth in Month of April

NEW YORK, May 6, 2020 /PRNewswire-PRWeb/ -- Trumid, a financial technology company bringing trading efficiency and market intelligence to credit professionals, has announced a record month of activity in April on Trumid Market Center, the company's electronic bond trading platform. The Trumid platform has set a new trade volume record every month this year.

In April, a record 500 users traded on Trumid for a total of $23.4B in trade volume, a 500% increase year-over-year. Trumid's anonymous protocol continued to add value for users as a price discovery tool, with monthly volumes exceeding the trailing 6-month average by 142%. With record user participation and order flow on the platform, Trumid's April hit rates were at all-time highs.

The company's strong presence in grey and new issue trading and the market's most active securities continued in April. Trumid had 10% market share in the month's 25 most active new issues and 25 overall most active bonds.

"Our users are managing challenging conditions and beginning to think about the longer-term operating environment," said Trumid's President Mike Sobel. "We are glad to be an increasing part of their workflow and will continue working with our clients to deliver liquidity and efficiency."

About Trumid

Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and innovative products. Trumid Market Center, the company's electronic trading platform, provides corporate bond market professionals with direct access to anonymous and counterparty-disclosed liquidity. Trumid's products leverage the network effect and data science to empower all credit market participants with business intelligence to make more informed decisions. Learn more at http://www.trumid.com

Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.

SOURCE Trumid