The Trumid Market Center platform now connects fixed income traders to emerging markets, high yield, and investment grade securities.
The recent funding round was led by Dragoneer Investment Group and included private equity firm TPG, as well as funds managed by BlackRock and T. Rowe Price.
Partnership will see Nasdaq develop an integrated workflow tool to connect Trumid to US treasury liquidity for real-time hedging.
Electronic corporate bond trading jumped at Trumid in April, with the firm’s anonymous all-to-all protocol proving useful to traders seeking liquidity.
Trumid saw record activity on its platform last month, as Barclays joins advisory committee to collaborate on trading protocols.
January trading on the Trumid platform surged 325% year-on-year, marking record volumes.
Trumid teams up with Inforalgo following increased client demand for eased straight through processing.
Trumid has won investment from Citi via its Spread Products Investment Technologies (SPRINT) program.
Traders can now interact with corporate bond liquidity from Liquidnet and Trumid via the ALFA platform.
Singapore Exchange leads $53 million funding round for electronic trading platform for corporate bonds to further growth strategies.