ION Markets delivers trading connectivity for Trumid

Dan Barnes

ION Markets, a provider of trading solutions for capital markets, has upgraded its connectivity to support market operator Trumid’s Attributed Trading, a disclosed dealer-to-client negotiation protocol, through the ION Credit solution.

This upgrade builds on previous versions of the Trumid gateway that supports axe contribution and post-trade functionalities, providing flexible negotiation options for users.

ION Credit’s upgraded solution for Trumid provides additional benefits, including access to market data sources, automation for ‘axe’ and ‘run’ management, and ION’s pricing engine.

Lauren Burd, head of product sales, at Trumid.

“An important goal at Trumid is to promote efficiency and streamline our client’s workflows,” said Lauren Burd, head of product sales, at Trumid. “Our continued collaboration with ION has enabled sell-side traders to distribute their axes seamlessly and negotiate with their clients bilaterally. We are eager to continue working with ION to provide these traders with access to Trumid’s anonymous liquidity pool.”

ION Credit’s automation features give traders enquiry management and configurable auto-negotiation. Covering multiple markets, the ION Desktop user interface is designed to allow dealers to manage workflows for multiple markets from a single screen. This potentially helps orders, trades, and allocations to be passed on more efficiently. In addition, ION Credit’s fully modular technology easily scales with businesses, integrates with third-party systems and technologies, and offers intelligent quote management.

“We’re passionate about innovation and workflow automation, working closely with our customers to meet their evolving needs and transform their businesses. We are particularly excited to support Trumid through ION Credit, which overcomes the complexity and fragmentation of credit markets and equips users to deliver fast, accurate service,” said Andrea Alberio, product manager, ION Markets.

©Markets Media Europe, 2021