#United States #New York #fixed income #Trumid #MultiLynq

Trumid and MultiLynq Collaborate to Enhance Trading Efficiency

In a significant move to streamline the trading experience, Trumid, a prominent financial technology firm renowned for its fixed income electronic trading solutions, has announced its successful integration with MultiLynq. This collaboration aims to enhance the accessibility of Trumid's trading protocols for clients seeking efficient ways to engage in the corporate bond market.

The partnership specifically facilitates the integration of Trumid's Request for Quote (RFQ) and Attributed Trading protocols into MultiLynq's electronic trading platform. As a result, clients can seamlessly access these protocols while maintaining their preferred front-end systems. This is expected to significantly improve workflow efficiency by eliminating the complexities often associated with direct integrations.

Benefits of the Integration

Both Trumid and MultiLynq have articulated the advantages that this integration brings to the market. MultiLynq’s co-founder, Patrick Scheideler, emphasized their mission to foster enhanced connectivity and improve the trading experience for fixed income participants. By integrating with Trumid, clients are assured of streamlined accessibility to leading trading venues while significantly reducing costs and implementation times.

Rebecca Mazour, Trumid’s Head of Integration, echoed similar sentiments, highlighting that the collaboration will optimize client workflows and simplify the FIX onboarding process. She noted, “This integration is set to increase engagement across MultiLynq's client base and deepen the adoption of Trumid's RFQ and Attributed Trading.”

Data from Q3 2024 indicates that Trumid's daily trading volume surged 68% year-over-year, complemented by a 25% increase in overall market share compared to Q3 2023. This positive trend is reflective of the growing acceptance of Trumid’s trading solutions among users, with over 600 initiating RFQs and more than 700 responding in just one quarter.

A Vision for the Future

The collaboration marks a pivotal point for both companies, as they align their technologies to meet the demands of today's dynamic fixed income markets. MultiLynq’s innovative API promises to transform electronic fixed income trading by offering market participants enhanced liquidity and transparency. As both firms are committed to breaking down technological barriers, this partnership stands to redefine best practices in the industry.

Looking ahead, both companies are enthusiastic about the potential impact of their collaboration. With the integration now live, clients can leverage greater connectivity and better support for diverse trading protocols, contributing to the overall effectiveness and efficiency of trading strategies in the fixed income market.

For more information on these developments and to stay updated, interested market participants can visit the official websites of Trumid and MultiLynq. This partnership not only showcases the innovative nature of both companies but also sets a new standard for how fixed income trading should be conducted in a digital age. As the market evolves, Trumid and MultiLynq stand ready to meet the challenges ahead with a shared commitment to advancing fixed income trading solutions.