|Key People||Ronnie Mateo, Founder and CEO; Mike Sobel, President|
|Products||Electronic bond trading|
Trumid Financial is an electronic bond trading platform and fintech company.
Trumid’s ADV in July 2021 was $1.6B, a 91% increase year-over-year. Trumid's network includes 580 onboarded institutions. In the month of July, the Trumid platform experienced a 75% YoY increase in the number of users executing a trade each day.
Trumid was founded by Ronnie Mateo in 2014.
In October 2020, Trumid launched emerging market debt trading, adding to a suite of investment-grade and high-yield securities.
In January 2021 Trumid secured a $50 million investment in a funding round co-led by DST Global and Dragoneer Investment Group. Also in early 2021, Goldman Sachs formed a strategic relationship with Trumid, offering liquidity to its institutional clients through Trumid’s network. Goldman Sachs also became a member of Trumid’s advisory committee.
In April 2021, Trumid released Attributed Trading (AT) for EM on the Trumid platform, an expansion of the company’s EM offering. The platform currently has 20 dealers streaming prices to over 400 buy-side institutions on over 11,000 unique bonds per day.
In October 2021, Trumid announced a $208 million infusion of capital from a number of Wall Street investors, led by Point Break Capital Management. A significant investment was also provided by the private equity firm Motive Partners. Senator Investment Group and TPG Capital, as well as BlackRock and T Rowe Price, also provided capital. The fundraising valued Trumid at about $2.4bn, the company said.
Products and Services
Trumid provides traders with the option to trade anonymously or to bilaterally negotiate.
- Trumid Reports July Performance. prweb.com.
- Bond Platform Trumid’s Value Jumps 40% in DST-Led Funding Round. Bloomberg News.
- Trumid hires Cboe Electronic Trading Expert as Chief Revenue Officer. The Trade News.
- Ben Sobel Joins Trumid as Head of Emerging Markets. Cision.
- Bond platform Trumid raises $208m as Wall Street bets on electronic trading. The Financial Times.