Electronic bond trading platform announces monthly activity
NEW YORK, March 7, 2025 -- Trumid, a financial technology company and leading fixed income electronic trading platform, today announced trade volume and user participation highlights for February 2025.
February Highlights:
Trumid's robust start to 2025 continued into February, driving new monthly volume, high yield, and RFQ records.
- Record reported Average Daily Volume (ADV) of $7.4B, up 17% year-over-year and 8% month-on-month.
- Sustained and continued growth in overall market share, up 8% year-over-year.
- Record high yield ADV and market share, each up 11% year-over-year. Growth was driven by a mix of elevated new issue and non-new issue high yield traded volume.
- Activity in Trumid's list-based protocols more than doubled year-over-year, partly driven by increased client adoption of Trumid's automated workflow and trade automation tools.
- Trumid RFQ set new monthly records for traded volume and client engagement. Trumid RFQ ADV was up 24% month-on-month and tripled year-over-year.
- Trumid AutoPilot™ for RFQ logged all-time highs across participation, trade count, and list sizes as a record number of Trumid RFQs traded through Trumid AutoPilot during the month and into month-end. 81% of eligible line items executed "no touch" in February.
- Launched in Q2 2024, Trumid AutoPilot™ for RFQ uses client-driven parameters to allow the platform to seamlessly execute trades on their behalf and supports mixed lists of up to 500-line items.
- Launched in Q2 2024, Trumid AutoPilot™ for RFQ uses client-driven parameters to allow the platform to seamlessly execute trades on their behalf and supports mixed lists of up to 500-line items.
- Trumid PT enjoyed continued client uptake with the number of lists traded up 50% versus February 2024. Trumid PT Pricer™, a centerpiece of the protocol, is being used by clients daily to assess transaction costs pre-trade and benchmark dealer quotes in live sessions. The daily average number of users trading Trumid PTs has grown over 40% year-over-year.
- Trumid RFQ set new monthly records for traded volume and client engagement. Trumid RFQ ADV was up 24% month-on-month and tripled year-over-year.
- Trumid Swarms and Trumid Attributed Trading (AT) also saw increased overall participation in the month. The number of unique bonds traded daily within Trumid Swarms strengthened, up around 30% year-over-year driven by non-new issue volume. A record number of clients turned to Trumid AT for streamlined electronic voice-processing and executable algo streams.
About Trumid
Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.
Reported ADV was a record $7.4b and rose 17% YOY while RFQ set monthly records for traded volume and client engagement.
© 2025 Trumid Holdings, LLC, and its affiliates. All rights reserved. Trumid Financial, LLC is a broker dealer registered with the U.S. Securities and Exchange Commission ("SEC") and is a member of FINRA and SIPC. Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.
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