Difference between revisions of "Trumid"

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Trumid Financial is an electronic bond trading platform and fintech company.  
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’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.<ref>{{cite web|url=https://www.prweb.com/releases/trumid_reports_july_performance/prweb18117504.htm|name=Trumid Reports July Performance|org=prweb.com|date=October 12, 2021}}</ref>


== History ==
== History ==

Revision as of 17:20, 12 October 2021



Trumid Financial
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.[1]

History[edit]

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.[2]

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.[3]

Products and Services[edit]

Trumid provides traders with the option to trade anonymously or to bilaterally negotiate.

Key People[edit]

References[edit]