Trumid is a financial technology company bringing trading efficiency and market intelligence to credit professionals. Founded by industry professionals with over 100 years of trading experience, our goal is to improve all aspects of the trading experience via the use of data, technology, and intuitively designed products, simplifying the trading experience. The Trumid Market Center, our electronic trading platform for corporate bonds, provides direct access to anonymous liquidity. By leveraging the network effect and data science, we empower traders to make more informed decisions. We have a large and engaged network, over 380 trading institutions are already on board along with 20 of the top 25 asset managers in terms of assets under management. We work with traders from both the buy and sell sides, applying our leading-edge technology, data and UX principles to fixed income trading. We are also actively developing additional tools to make trading easier. For example, we recently launched FVMP (Fair Value Model Price), which is an adaptive model for continuous intraday corporate bond pricing. This product is unique in that it produces a price for approximately 22,000 corporate bonds every five minutes based on price movements from multiple data source, including the Trumid Market Center. FVMP can help improve liquidity by providing a constant source of pre-trading transparency. We have found that market participants are increasingly eager to explore ways in which technology can enhance the trading experience and we aim to work directly with clients to provide efficient and innovative solutions. The Market Center has traded over $20bn since the platform’s launch, our daily trading volumes have more than doubled in the past 6 months, and 2018 is off to an incredible start.
Nominated for: Best Trading Execution Platform or Brokerage
Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and intuitively designed products. Trumid Market Center, the company’s electronic trading and market intelligence platform, provides corporate bond market professionals with direct access to anonymous liquidity. Trumid’s products leverage the network effect and data science to empower all credit market participants to make more informed decisions. Trumid was founded in 2014 by credit professionals with over 100 years of trading experience and is headquartered in New York City.