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Fixed income electronic trading platform Trumid reported record market share performance in August 2025, achieving 22% year-on-year growth in Average Daily Volume (ADV) to $6.1 billion whilst overall market-wide volumes remained flat.
The financial technology company's performance contrasted sharply with broader market conditions, as TRACE market-wide volumes reached their lowest levels of 2025. Trumid's overall platform market share increased 22% year-on-year, whilst U.S. Investment Grade market share rose 29% year-on-year and 13% month-on-month.
Client activity supported continued strength in Trumid RFQ and Trumid PT protocols, with combined ADV rising 78% year-on-year. The RFQ platform delivered its highest frequency of $1 billion+ volume days to date, driven by asset manager engagement with 50% more traders executing daily compared to the previous year.
Trumid AutoPilot for RFQ demonstrated operational efficiency, with 85% of eligible RFQ line items executing fully "no touch" during August. The automated system supports mixed lists of up to 500 line items, allowing clients to focus on high-value opportunities whilst the platform handles routine executions.
The company's PT protocol maintained robust momentum with 40% more traders executing daily year-on-year. Trumid captured an estimated 21% of the PT electronic market share in August, despite slower market-wide PT volumes across the industry.
Platform enhancements introduced during August included the Trumid FVMP Excel Add-In, which integrates FVMP pricing and liquidity data directly into clients' existing workflows for real-time market data analysis. The company also launched Dealer Collapses, expanding Trumid PT's capabilities by enabling dealers to initiate portfolio trading sessions with full negotiation capabilities directly with client counterparties.
Trumid's institutional client network expanded to more than 960 buy- and sell-side firms, reflecting continued adoption of the platform's electronic trading solutions across the fixed income market.
The company is a financial technology firm and leading fixed income electronic trading platform serving institutional clients across various bond markets.
