#United States #New York #fixed income #Trumid #electronic trading

Overview of Trumid's Performance in 2025

2025 has emerged as a remarkable year for Trumid, a leading financial technology company that specializes in fixed income electronic trading. The company saw its average daily volume (ADV) increase by 24% year-over-year, establishing Trumid as a force to be reckoned with in a rapidly evolving financial landscape. Throughout the year, Trumid reported a staggering $1.7 trillion in total trading volume, significantly outpacing the broader market growth recorded at 12% by TRACE™. This exceptional growth can be attributed to the diverse trading protocols offered by Trumid, which drove greater engagement from traders.

Key Highlights

On the back of these impressive results, Mike Sobel, Co-CEO and President of Trumid, emphasized the enhanced client activity across their suite of electronic trading protocols. Key milestones included:

• - Record ADV: The overall ADV reached $7 billion for the full year, reflecting an unprecedented demand for Trumid's trading services.
• - Elevated Market Share: Trumid's overall market share increased by 11%, with Investment Grade and High Yield segments achieving record shares due to robust client activity.
• - Increased Trading Engagement: More than 18,000 unique bonds were traded on the platform, with over 2,300 traders participating, demonstrating a thriving trading environment.

Multi-Protocol Usage

A significant takeaway from 2025 was the increased adoption of Trumid’s multi-protocol ecosystem. Approximately 40% of users engaged with three or more trading workflows, underscoring the platform's integrated approach. This trend reflects traders’ growing reliance on Trumid’s advanced technology to navigate complex market conditions effectively.

Trumid RFQ and Portfolio Trading

Another key driver of Trumid's success was the performance of its Request for Quote (RFQ) and Portfolio Trading protocols. These listed trading protocols saw a remarkable increase of 85% year-over-year in volume. Specifically:

• - Trumid RFQ Growth: The RFQ protocol surpassed $1 billion in ADV in the fourth quarter, culminating in a 136% increase compared to the previous year. This protocol not only showcased exceptional responsiveness but also efficiency, with 84% of eligible RFQ line items executing 'no touch' through Trumid AutoPilot™.
• - Continued Strength in Portfolio Trading: The Portfolio Trading volume outperformed broader market growth, achieving a 50% increase year-over-year, solidifying Trumid’s position as a significant player in this sector.

Innovations and Future Outlook

Trumid has positioned itself as a leader in embracing automation and artificial intelligence in trading execution, marking the beginning of a new era of technological integration in the trading domain. The company's collaborative partnerships with clients and its scalable technology solutions are poised to foster further innovations and value creation in 2026. Looking ahead, Trumid is committed to maintaining its competitive edge and enhancing its services to meet evolving market needs.

December 2025 Performance

The month of December was also a strong performer for Trumid, with an ADV of $4.9 billion, showcasing a 14% increase year-over-year. Additionally, the combined ADV for RFQ and Portfolio Trading rose by 80% compared to the prior year.

Conclusion

In summary, 2025 was a historic year for Trumid, characterized by substantial growth across its trading platforms, technology advancements, and increased client engagement. As the financial landscape continues to evolve, Trumid is set to leverage its strengths and drive continued success in the years to come.