Trumid clients can now execute credit trades across multiple protocols through an automated solution.
Trumid Full Self Trading (FST) monitors and engages with liquidity across the firm’s Swarms and RFQ protocols, operating within limits and preferences defined by the user. Integration of the Attributed Trading protocol is expected within the second half of the year.
“A client can express what they’re trying to do and then let the system monitor for opportunities, evaluate, and execute. It reduces some of the cognitive load,” Jason Quinn, chief product officer and global head of sales at Trumid, told The DESK.
“FST is something that we’ve been working on from the very beginning. The platform, as it stands today, is a true ecosystem of workflows. There are multiple ways that a client can get a trade done. FST is the automation layer that brings it all together to help a client take advantage of opportunities as they come across different workflows.”
The service uses Trumid’s pricing intelligence, machine learning-driven models and analytics to adapt its execution logic in real time. Users are able to take control of the process at any time.
Since FST was offered to clients in late 2025, median order sizes have come close to US$5 million and individual orders have reached US$50 million. A third of these orders are executed across multiple protocols.
“We’ve also seen a range of orders – you can just give them to the system and let it do the work,” Quinn observed.
“There isn’t a single use case in mind. It’s meant to be for anything a client wants. It’s interesting to see that we’ve had some relatively large orders – one of the big value-adds to FST is access to our anonymous Swarms workflow. That is particularly attractive for block trades.”
Grey markets are also being targeted by the service.
“This is very exciting because grey bond markets move very fast. FST being your eyes and ears on that is a powerful use case,” Quinn affirmed.
The launch follows Trumid’s wide rollout of its Smart Voice service earlier this year.
READ MORE: Trumid brings automation to credit voice trading
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