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Electronic bond trading platform Trumid reported record buy-side participation and strong volume growth in May, with average daily volume reaching $6.8 billion.
The financial technology company, which operates a fixed income electronic trading platform, said its average daily volume increased 30% year-over-year. Asset manager average daily volume rose approximately 60% compared to the same period last year, outpacing overall platform growth.
Trumid is a financial technology company focused on US dollar-denominated investment grade, high yield, distressed, and emerging market bonds. The platform combines technology and market expertise to provide trading protocols and solutions through a single interface.
The company's request-for-quote protocol, Trumid RFQ, achieved record monthly volume and trade count, extending a streak of consecutive month-over-month growth throughout 2025. Protocol average daily volume and daily average trade count increased 122% and 134% year-over-year respectively.
Around 70% more buy-side traders executed trades daily in Trumid RFQ compared to May 2024, with asset managers initiating a record number of lists during the month. The platform's network includes major dealers and algorithmic liquidity providers as RFQ responders.
Trumid's automated trading tools continued to show high adoption rates. The company reported that 81% of eligible RFQ line items executed without manual intervention through Trumid AutoPilot for RFQ in May. The automated workflow system uses real-time, client-defined parameters to execute trades on behalf of users.
Trumid Financial, LLC is a broker dealer registered with the US Securities and Exchange Commission and is a member of FINRA and SIPC.
