Trumid Reports August Trading Highlights
Monthly ADV increased 47% year-over-year driven by strength across list trading
- Trumid reported Average Daily Volume (ADV) of
$9B , up 47% year-over-year, more than double the pace of broader TRACE™ reported market-wide growth over the same period. - Sustained growth in overall market share, up 20% year-over-year across all Trumid-traded market segments.
- Platform-wide growth remained broad-based, led by list trading. Combined ADV across Trumid Portfolio Trading (PT) and RFQ increased 50% year-over-year, while legacy workflows, Trumid Swarms and Attributed Trading, grew 46% over the same period.
- Trumid RFQ: ADV increased 40% year-over-year. Client adoption deepened, with around 44% more buy- and sell-side traders executing daily in Trumid RFQ compared with a year ago.
- Trumid PT: ADV increased 62% year-over-year, outpacing estimated TRACE portfolio trading growth of 42% over the same period.
- Trumid RFQ: ADV increased 40% year-over-year. Client adoption deepened, with around 44% more buy- and sell-side traders executing daily in Trumid RFQ compared with a year ago.
- Amid historic new issuance volumes for the month of August, Trumid remained a leader in grey and new issue trading. The platform handled approximately 50% of secondary market activity in the first two days after issuance across its protocols.
- Trumid Full Self Trading (FST™): The firm's first fully automated cross-protocol execution capability is being used across a broad range of trading scenarios, including block and new issue trading. Clients can use FST to continuously monitor and engage grey and new issue liquidity across Trumid's multi-protocol platform, automatically executing within trader-defined criteria. Year-to-date, one in four FST orders have been in new issues.
Trumid press
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About Trumid
Trumid is a financial technology company and leading fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.
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SOURCE Trumid
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