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.
Trumid XT will connect liquidity from the SGX Bond Pro and Trumid Market Centre platforms for an Asian bond trading network.
The recent funding round at Trumid was led by new investor DST Global and Dragoneer Investment Group.
The investment bank will offer liquidity to its institutional clients through the Trumid platform’s network and will join its advisory committee to aid product development.
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.