ION Markets connects LatentZero OMS to Trumid to deliver best execution
Integration will provide users with improved access to buy- and sell-side market participants, as well as increased access to liquidity and trading opportunities.
Integration will provide users with improved access to buy- and sell-side market participants, as well as increased access to liquidity and trading opportunities.
The past week saw hires from BNY Mellon’s Pershing, Abu Dhabi Investment Association, Liquidnet, Citadel, Trumid and Cowen Digital.
New appointment brings several years’ experience in emerging markets to the firm, having previously served at Liquidnet, NatWest Markets and MarketAxess.
The upgraded solution will provide Trumid with access to a broader range of market data sources, automation for axe and run management, and ION’s pricing engine.
FlexTRADER execution management system (EMS) for fixed income, FlexFI, will help the asset manager tap into tap into liquidity in today’s fragmented fixed income markets.
The investment bank joins Trumid shortly after the credit trading platform secured an additional $208 million in a funding round in October.
Incoming co-CEO has served as president and a member of Trumid’s board of directors since 2014.
The funding round was led by Point Break Capital Management alongside existing investors including funds and accounts managed by BlackRock and T. Rowe Price.
New CRO will focus on the growth of Trumid’s existing business as well as protocol, product and geographic expansions.
Through the collaboration, Jefferies will use the attributed trading protocol from Trumid to provide liquidity to its institutional clients.