Trumid
Founded Year
2014Stage
Series F | AliveTotal Raised
$711.73MValuation
$0000Last Raised
$208M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About Trumid
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 platform, provides corporate bond market professionals with direct access to anonymous and counterparty-disclosed liquidity. Trumid's products leverage the network effect and data science to empower all credit market participants with business intelligence to make more informed decisions.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Trumid's Product Videos
Trumid's Products & Differentiators
The Trumid Platform
Trumid is a leading electronic corporate bond trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. We offer both Anonymous and Attributed trading protocols and with our IOI based protocol allows users to use a single indication to identify where the optimal trading opportunity exists.
Research containing Trumid
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Trumid in 4 CB Insights research briefs, most recently on Jun 17, 2021.
Nov 10, 2020
Wealth Tech Funding Is Having A Record-Breaking YearExpert Collections containing Trumid
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Trumid is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
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Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.
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Track and capture company information and workflow.
Fintech
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Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Trumid Patents
Trumid has filed 1 patent.
The 3 most popular patent topics include:
- Bonds (finance)
- Derivatives (finance)
- Financial markets
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/11/2019 | Financial markets, Stock market, Derivatives (finance), Bonds (finance), Securities (finance) | Application |
Application Date | 12/11/2019 |
|---|---|
Grant Date | |
Title | |
Related Topics | Financial markets, Stock market, Derivatives (finance), Bonds (finance), Securities (finance) |
Status | Application |
Latest Trumid News
Sep 8, 2023
Share this article Electronic bond trading platform announces monthly activity NEW YORK, Sept. 8, 2023 /PRNewswire-PRWeb/ -- Trumid, a financial technology company and fixed income electronic trading platform, today announced trade volume and user participation highlights for the month of August 2023. August Highlights: Reported average daily volume (ADV) of $3B, up 44% year-over-year. Increased high yield asset manager participation was seen across all Trumid protocols in August with U.S high yield market share up 65% versus August 2022. The number of unique bonds traded on Trumid doubled year-over-year with August setting a new all-time high. Over 1,000 users transacted on the platform for the eighth consecutive month. Increased buy- and sell-side client adoption of Trumid's newer list-based trading protocols drove record Trumid RFQ and record Trumid PT traded volumes in August. Over 900 traders have used RFQ since launch. The number of PT lists traded on the platform was up 36% month-on-month. Trumid rolled out its newest RFQ workflow innovation – Grey RFQ trading. Trumid clients can now trade grey bonds using Trumid RFQ, providing a unique workflow for trading and price discovery into new bonds coming to market. Trumid dominates secondary trading of new issues with outsized market share in the first several days after issuance. Over 1,200 clients have transacted in new issues on Trumid year-to-date, accounting for approximately one-third of all secondary market trading in new issues. Roughly 25% of this volume on Trumid traded in the grey market. 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 www.trumid.com . 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. 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. Media Contact SOURCE Trumid
Trumid Frequently Asked Questions (FAQ)
When was Trumid founded?
Trumid was founded in 2014.
Where is Trumid's headquarters?
Trumid's headquarters is located at 1411 Broadway, New York.
What is Trumid's latest funding round?
Trumid's latest funding round is Series F.
How much did Trumid raise?
Trumid raised a total of $711.73M.
Who are the investors of Trumid?
Investors of Trumid include Singapore Exchange, Dragoneer Investment Group, TPG Capital, T. Rowe Price, BlackRock and 19 more.
Who are Trumid's competitors?
Competitors of Trumid include Axoni, New York Shipping Exchange, IEX, Capitolis, Q4 and 12 more.
What products does Trumid offer?
Trumid's products include The Trumid Platform and 4 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
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