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.
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.