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Trumid Wants To Make The Trading Experience 'Beautifully Simple'

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Trumid Wants To Make The Trading Experience 'Beautifully Simple'

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we're profiling the companies competing for the BZ Awards.

Our next feature is on Trumid.

What does your company do? What unique problem does it solve?
Casey Gahan, Chief of Staff:  Trumid is a financial technology company bringing trading efficiency and market intelligence to credit professionals. Our goal is to improve all aspects of the trading experience via the use of data, technology, and intuitively designed products, simplifying the trading experience.
 
The Trumid Market Center, our electronic trading platform for corporate bonds, provides direct access to anonymous liquidity. By leveraging the network effect and data science, we empower  traders to make more informed decisions
 
Trumid has a large and engaged network of clients and is applying leading-edge technology, data and UX principles to fixed income trading. We have found that market participants are increasingly eager to explore ways in which technology can enhance the trading experience and we aim to work directly with clients to provide efficient and innovative solutions. Trumid has traded over $20bn since the platform’s launch and daily trading volumes have more than doubled in the past 6 months.
 
Who are your customers?
Our primary users are trading institutions from both the buy and sell sides, including 20 of the top 25 asset managers in terms of assets under management. We currently have over 380 institutions onboarded onto the platform.
 
How long have you been in business?
Trumid was founded in 2014, and we launched the Market Center, our electronic trading platform, in mid-2016.
 
Where are you located?
We are headquartered in New York.
 
Who is your company's leadership? What kind of experience do they have?
Trumid was founded by former fixed income traders with over 150 years of combined experience. Our management team aims to combine deep corporate bond trading experience with technological expertise to deliver innovative liquidity solutions to institutional clients.
 
Who are your investors, if any?
Investors include Thiel Capital, Soros, Shumway Capital, Deutsche Boerse and Creditease
 
Is there anything else Benzinga should know about your company?
Trumid was founded with the goal of providing a liquidity network to traders, but we are also actively developing additional tools to make trading easier. For example, we recently launched FVMP (Fair Value Model Price), which is an adaptive model for continuous intraday corporate bond pricing. This product is unique in that it produces a price for approximately 22,000 corporate bonds every five minutes based on price movements from multiple data source, including the Trumid Market Center. FVMP can help improve liquidity by providing a constant source of pre-trading transparency – visit www.trumid.com/labs to download performance reports or access the FVMP model in real-time.
 
To check out companies like Trumid for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

Posted-In: Benzinga Global Fintech Awards Michael Sobel TrumidFintech Best of Benzinga

 

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