Trumid announces record platform activity in January

Dan Barnes

Bond market operator, Trumid, has reported a record month of activity in January 2020 on Trumid Market Center, the company’s electronic bond trading platform. Market Center users can trade anonymously or on a disclosed dealer-to-client basis via Trumid’s Attributed Trading protocol. Both protocols had record trading volumes and user participation in January.

Trumid says that average daily trading volume for the month of January was US$761mm, a 325% increase from January 2019 and a 241% increase from full-year 2019. User participation on the platform continues to expand with nearly 500 users executing a trade in January. Trade size on the platform also continues to grow, driven by average attributed trade size above US$6mm. Over one third of Attributed Trading volume in January was in trades of over US$10mm size.

Mike Sobel, president, Trumid

“Using technology to improve trader workflow has been a large focus for us coming into 2020,” said Mike Sobel, president of Trumid. “We’re encouraged by the rapid adoption that we’re seeing across our buy-side and sell-side users.”