#USA #New York #Financial Technology #Trumid #electronic trading

Trumid Sets New Records in March and Q1 2025

Trumid, a prominent player in the financial technology sector, has announced impressive trade performance figures for March and the first quarter of 2025, marking a significant milestone in the company's history. The electronic trading platform, well-known for its capabilities in fixed income trading, reported a staggering average daily volume (ADV) of $8.0 billion for March—an outstanding increase of 46% compared to the same month last year. This exceptional growth reflects both the rising trust among clients and the continuous enhancement of the platform.

Mike Sobel, Co-CEO and President of Trumid, commented on the achievements, stating, "This was our strongest month and quarter yet—a testament to our clients' trust in Trumid as their go-to destination for electronic credit trading." The company has seen enhanced engagement across its network, with a record in user participation and trading volumes that underscore its robust market position.

Key Highlights from March 2025

March brought a plethora of achievements for Trumid:

• - Record ADV: $8.0 billion, a remarkable increase of 46% year-over-year, significantly outpacing the TRACE™ reported growth of 21% for the same period.
• - Sustained Market Share Growth: There was a 21% increase in overall market share across all traded segments, including Investment Grade, High Yield, and Emerging Market bonds.
• - Novel Protocol Adoption: Trumid's RFQ (Request for Quote) and Portfolio Trading protocols also demonstrated strong performance, achieving record monthly volumes. Notably, the daily active trader count rose by 60% compared to the previous year.
• - Strength in High Yield Segment: The U.S. High Yield sector stood out with a 25% rise in ADV year-over-year, continuing its streak with over $1B in daily traded volume for consecutive months.

Q1 2025 Overview

The first quarter of 2025 showcased Trumid's commitment to innovation and service excellence:

• - Overall ADV increased by 22% compared to the previous year, marking a dramatic increase compared to the industry average.
• - Both RFQ and Portfolio Trading protocols were pivotal in driving platform growth, doubling their list-based protocol volumes year-over-year, indicating the increasing reliance of clients on these functionalities.
• - The RFQ protocol achieved its seventh consecutive quarter of growth, boasting an impressive 52% quarter-over-quarter ADV increase and an astonishing 160% growth over the year.
• - Trumid's AutoPilot™ for RFQ recorded all-time highs in participation, meeting the needs of clients during volatile market conditions with its user-friendly design and safeguard features. Clients benefited from the ability to manage list sizes of up to 500 items securely.
• - Portfolio Trading notched its ninth consecutive quarter of growth with a quarterly volume increase of 69%, demonstrating strong client engagement and an uptick in both buy-side participants and traded lists.

A Record-Breaking Start for Trumid

Trumid's platform traded more than 13,500 unique bonds in Q1 2025, setting new records and elevating its client base—around 1,700 traders were active on the platform for the third consecutive quarter. These substantial figures solidify Trumid's position as a frontrunner in the financial technology landscape, particularly in the fixed income domain.

Commitment to Innovation

In addition to the impressive trading figures, Trumid took significant strides in optimizing its technology. The company’s recent enhancements to its code base and technology architecture are aimed at improving performance and reliability. This not only supports the growing user base but enables an agile product release strategy, with ambitions for continuous delivery throughout 2025.

Trumid is well-positioned to meet evolving client demands in the digital trading space, fostering an ecosystem that thrives on collaboration and innovation. As it continues to innovate, Trumid looks to maintain its trajectory of growth and client trust moving forward.

To learn more about Trumid and its state-of-the-art trading platform, visit www.trumid.com.