NEW YORK (PRWEB) JANUARY 06, 2021
Trumid, a financial technology company and fixed income electronic trading platform, is pleased to announce a new strategic relationship with Goldman Sachs & Co. LLC. Goldman will join Trumid’s Attributed Trading network and utilize Trumid’s innovative protocols to provide connectivity and liquidity directly to Goldman’s institutional clients. Goldman will join Trumid’s Trading Advisory Committee to provide long-term input into product development and market structure evolution.
Trumid has established a leadership position in bilateral dealer-to-client liquidity distribution and trading through its Attributed Trading protocol that was launched in 2019. Through rapid development cycles and active client collaboration, the Attributed Trading ecosystem has expanded to include tools for more efficient trade execution and hedging, data aggregation and pre-trade transparency and workflow solutions for dealer salespeople. The disclosed Attributed Trading protocol complements Trumid’s anonymous protocol and together drove 374% year-over-year volume growth on the platform in 2020. In October, Trumid announced the addition of Emerging Market bond trading on its Market Center platform.
“Our market structure strategy is grounded in offering clients improved pre-trade transparency, ease of execution, liquidity, and workflow efficiencies,” said Amy Hong, Head of Market Structure for the Global Markets Division at Goldman Sachs. “Trumid’s rapidly growing network and operational momentum show the company’s thoughtful solutions for the corporate bond market. We are pleased to be joining this network to deepen connectivity with our clients and offer liquidity through Trumid’s innovative Attributed Trading protocol.”
“Our business grows by continuing to expand and activate our user community,” said Ronnie Mateo, CEO of Trumid. “Goldman is a market and thought leader in our space and we’re thrilled to add them as a partner. Their inclusion makes Trumid Market Center more valuable for everyone in the network.”
Trumid is a financial technology company bringing efficiency, connectivity and access to credit trading through innovative technology and product design. Trumid’s product ecosystem leverages data and the power of the network effect to create transparency, liquidity and efficient trade execution. Trumid Market Center, the company’s electronic trading platform, connects corporate bond market professionals to a broad network of liquidity and provides a range of trading protocols to access it. For more information, visit http://www.trumid.com.