Trumid is an all-to-all electronic credit trading platform. It is designed to unlock liquidity and make bond and CDS trading easier for institutional clients. The company was founded in 2014 by credit professionals with over 100 years of trading experience and is headquartered in New York City. Trumid is a FINRA registered broker/dealer and SEC-regulated Alternative Trading System (ATS). Trumid offers anonymous and efficient trading with low transaction costs. By concentrating the attention of the right participants at the right times in trading sessions called Swarms, Trumid maximizes liquidity and provides superior price discovery and best execution. The platform is currently trading high yield, distressed and investment grade securities, and plans to launch CDS in the near future. Trumid helps buyers and sellers navigate the often-opaque corporate bond market through a combination of technology and data. Trades on Trumid occur in Swarms, trading sessions that launch when compatible orders exist. The “Swarm on Demand” feature gives users the ability to initiate trading sessions on any of roughly 32,000 corporate securities. A combination of lit and dark protocols on the platform allows for match optimization and price discovery.
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TypeSubsidiary
Parent CompanyElectronifie
HQNew York, US
Founded2014
Websitetrumid.com
TruMid was founded in 2014 and is headquartered in New York, US

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Key People/Management at TruMid

Josh Hershman

Josh Hershman

COO
Amar Kuchinad

Amar Kuchinad

Chief Strategy Officer
Ronnie Mateo

Ronnie Mateo

CEO
Tony Schiavo

Tony Schiavo

Chief Technology Officer
Dan Siracuse

Dan Siracuse

CFO
Mike Sobel

Mike Sobel

President
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TruMid Office Locations

TruMid has an office in New York
New York, US (HQ)
5 Bryant Park 8th Floor
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TruMid Financials and Metrics

Summary Metrics

In total, TruMid had raised $157.3 m. TruMid is a subsidiary of Electronifie

TruMid Online and Social Media Presence

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TruMid News and Updates

Algomi ALFA works with Liquidnet and Trumid

Algomi, which provides data aggregation technology for the optimization of fixed income liquidity, t...

Here's the pitch deck Trumid, a Wall Street trading startup backed by George Soros and Peter Thiel, used to raise $53 million

Electronic-trading startup Trumid Financial landed $53 million from stock exchanges in Germany and Singapore in a fundraising round last year.  Business Insider got a look at Trumid's investor presentation, which gives an inside look at what it's like to start a venue that matches bond buyers and …

TruMid Blogs

Trumid Announces Strategic Partnership With Citigroup to Deliver Innovation in Credit Market Trading

Trumid Announces Strategic Partnership With Citigroup to Deliver Innovation in Credit Market Trading: “We are extremely excited about adding a market leader like Citi to our already vibrant network and working closely with all of our clients to continue delivering innovative and thoughtful products”…

Trumid’s New Attributed Trading Protocol Brings Additional Liquidity and Data to Bond Market Participants

Trumid’s New Attributed Trading Protocol Brings Additional Liquidity and Data to Bond Market Participants: We’re proud to announce the launch of our new protocol, Attributed Trading, and highlight record third-quarter performance.

China's Hillhouse buys into US bond-trading platform Trumid

China's Hillhouse buys into US bond-trading platform Trumid: Very glad to have Hillhouse on board for our next phase of growth!

Bond Market Turmoil Sparked Electronic Trading

Trading on Market Center is up!  Check out this report from the @wallstreetjournalymun39-blog (subscription required) https://www.wsj.com/articles/score-one-for-the-electronic-bond-traders-11555070400

Wall Street Bullish on Corporate Bond Liquidity - Markets Media

Wall Street Bullish on Corporate Bond Liquidity - Markets Media: “Trumid has witnessed an increased demand for larger block-transaction on its platform…. ‘We are still focused on humans getting larger-sized trades done, and that is happening with increasing frequency,’ said Trumid’s Chief Strategy O…

Trumid Announces Growth Financing

Trumid Announces Growth Financing: Proud to announce our growth financing round, anchored by Singapore Exchange (SGX)

TruMid Frequently Asked Questions

  • When was TruMid founded?

    TruMid was founded in 2014.

  • Who are TruMid key executives?

    TruMid's key executives are Josh Hershman, Amar Kuchinad and Ronnie Mateo.

  • Who are TruMid competitors?

    Competitors of TruMid include Cyndx, X Financial and Jitta.

  • Where is TruMid headquarters?

    TruMid headquarters is located at 5 Bryant Park 8th Floor, New York.

  • Where are TruMid offices?

    TruMid has an office in New York.

  • How many offices does TruMid have?

    TruMid has 1 office.