Tuesday, 02 January 2024 12:17 GMT

Trumid Reports January Performance


(MENAFN- PR Newswire)

January ADV was a record $6.9B with strong client uptake of Trumid RFQ leading to record RFQ traded volume.

Post thi
  • Trumid client engagement and platform activity strengthened in January, accelerating Trumid's 2024 market share gains, and driving new monthly volume and overall market share records.
    • Record reported Average Daily Volume (ADV) of $6.9B, up 8% year-over-year.
    • Record overall market share across U.S. high yield and investment grade corporate bonds, up 6% year-over-year.
    • Record overall month-end market share on January 31, 2025, proving that Trumid clients are finding value across Trumid's full suite of established trading protocols throughout the month and for month-end trading.
  • Trumid RFQ and PT were significant contributors to year-over-year platform growth with strong client uptake of Trumid RFQ translating into record RFQ traded volume in January. Trumid RFQ and PT have become a standard part of daily client workflows, elevating both intra-month and month-end trading, and attracting even more users to the platform.
    • Trumid RFQ logged record monthly ADV in January, up around 40% month-on-month and more than doubling year-over-year. Trumid's fully integrated RFQ responder network has tripled in size since the launch of Trumid RFQ in 2023.
    • Trumid AutoPilotTM for RFQ enjoyed continued client adoption, proving the value of automation capabilities on Trumid. Around 80% of eligible line items executed "no touch" in January. Available for both buy-and sell-side users, Trumid AutoPilot for RFQ supports mixed lists of up to 500-line items.
    • Trumid PT also saw pronounced activity in the month as the number of Trumid PT lists traded more than doubled year-over-year.
  • Trumid's growing and engaged institutional client network now includes more than 920 buy-and sell-side institutions.

Trumid press
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About Trumid
Trumid is a financial technology company and 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 .

© 2025 Trumid Holdings, LLC, and its affiliates. All rights reserved. Trumid Financial, LLC is a broker dealer registered with the U.S. Securities and Exchange Commission ("SEC") and is a member of FINRA and SIPC. Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.

SOURCE Trumid

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