Trumid Launches Market Center Corporate Bond Trading Platform

Trumid, an all-to-all electronic credit Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, has announced the launch of the Trumid Market Center which has been designed to unlock Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for all market participants by giving them efficient and anonymous access to a network of their peers.

Since the original platform was launched last year, the startup firm has attracted a network of nearly 275 onboarded institutions from the buy side and the sell side. The company focuses on institutional-sized trades, with an average trade size over $2 million.

Mike Sobel, President of Trumid, said: “Since our launch last year, we have been focused on bringing our technology fully in-house, increasing functionality, flexibility, and ease of use. We are quite proud to be able to iterate so quickly, incorporating all that we’ve learned into a fully proprietary platform.”

Swarm on Demand

The firm's new Market Center is focused on driving strong user experiences. The company has introduced a number of new interface and protocol features that respond to the idiosyncrasies of the credit market.

Trumid helps buyers and sellers navigate the often-opaque corporate bond market through a combination of technology and data. Trades on Trumid occur in Swarms, trading sessions that launch when compatible orders exist.

The new platform introduces “Swarm on Demand,” whereby users have the ability to initiate Swarms on any of roughly 32,000 corporate securities at any time during the trading day.

Liquidity Concerns

“Electronic trading of corporate bonds expanded in 2015,” added Ronnie Mateo, founder and CEO of Trumid. Liquidity is consistently one of our clients’ biggest concerns and they are eager to join us in our efforts to make trading easier.”

All elements of Trumid’s Market Center are compatible for integration with its users’ own order management and trading systems, making for an efficient and seamless user experience. Additional new features include a customisable interface, watch lists and preferences, tailored notifications, and protocols designed to optimise execution and ‘hit rates.’