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

Trumid Reports November Performance

Trumid, known for its innovative approach in the financial technology sector, recently disclosed its impressive trading performance for the month of November 2024. The firm, which operates a sophisticated electronic trading platform focused on fixed income securities, reported significant growth in both trade volume and user participation.

Key Highlights from November 2024

The data presented by Trumid indicates an average daily volume of $6.1 billion, marking a remarkable year-over-year increase of 33%. This surge is attributed to a combination of enhanced platform features and increasing user trust in their services. Furthermore, the overall market share for Trumid rose by 23% in comparison to the previous year, particularly across U.S. investment-grade and high-yield corporate bonds, emphasizing the platform's growing dominance in this competitive landscape.

Moreover, Trumid’s innovative trading protocols have been gaining traction, as evidenced by a notable increase in participation across all trading workflows. The firm’s newer list-based workflows are particularly noteworthy, as they have successfully attracted a higher volume of trades and active traders, indicating a shift in user behavior toward more dynamic trading strategies.

In a landmark achievement, over 1,000 unique traders have engaged with a Trumid Request for Quote (RFQ) this year alone. November has been a record-setting month for executed daily RFQ trades, highlighting the platform's enhanced usability and appeal to traders.

Additionally, Trumid has facilitated trades for more than 1,500 unique lists of high-yield, investment-grade, and emerging market products, demonstrating consistent month-on-month client engagement. The platform’s extensive and expanding client base now boasts 910 institutions from both the buy- and sell-side, further solidifying Trumid's status as a key player in the trading ecosystem.

About Trumid

Founded to revolutionize the way fixed-income securities are traded, Trumid leverages advanced technology and deep market expertise. The company focuses on delivering an optimal trading experience for U.S. dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. This is achieved through a unique blend of agile technology solutions and tailored trading protocols that cater to the evolving needs of market participants.

Trumid is committed to creating a differentiated trading environment that prioritizes user experience while fostering innovation in financial technology. As a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), Trumid operates under strict regulations to ensure compliance and security for its users.

For more in-depth information about Trumid and its offerings, visit www.trumid.com. This report serves as a testament to the company’s continuous evolution in the financial technology space and its dedication to providing valuable trading solutions to its clientele.