Trumid reports June and Q2 2025 performance

Trumid reports record volume in Trumid RFQ and PT alongside record buy-side platform engagement

NEW YORK, July 9, 2025 /PRNewswire/ -- Trumid, a financial technology company and leading fixed income electronic trading platform, today announced trade volume and user participation highlights for June and Q2 2025.

Mike Sobel, Co-CEO and President of Trumid said:

"Q2 was another milestone quarter for Trumid and our clients. Buy-side network engagement was at an all-time high and deeper protocol adoption drove sustained platform growth, particularly in Trumid RFQ and Trumid PT. In just two years, Trumid PT has quickly captured an estimated 20% of the electronic PT market. This momentum reflects our continued investment in technology, automation, and user-centric design, enhancing the platform's agility and execution efficiency.

The impact of that investment was evident throughout the quarter — from auto-executing what is believed to be the largest single RFQ list ever processed electronically, with over 420 line items, to facilitating the first fully automated Trumid Swarms trade. Our AI- and ML-embedded tech stack is transforming workflows and delivering tangible value to clients in real time."

June Highlights:

Trumid's monthly market outperformance continued in June.

• Reported Average Daily Volume (ADV) of $5.7B, up 23% year-over-year, compared to 13% growth in TRACE™ reported volumes.
  
  
• Trumid RFQ and Trumid Portfolio Trading (PT) were key contributors to platform growth, with combined ADV up 85% year-over-year. 55% more buy-side traders executed daily across both protocols compared to June of last year.

• • Trumid RFQ logged a record trading day at month- and quarter-end with $1.4B traded, reflecting growing client trust and adoption of the protocol.
    
    
  • Trumid RFQ also executed what is believed to be the largest single RFQ list ever processed electronically, with over 420 line items submitted in a single request. Enabled by Trumid's support for mixed lists of up to 500 line items, 89% of eligible line items were executed "no-touch" via Trumid AutoPilot™ for RFQ.

Q2 2025 Highlights:

• Trumid buy-side network engagement reached record levels in Q2, deepening market share gains and accelerating platform growth. Trumid ADV rose 31% year-over-year, outperforming TRACE™ reported market-wide growth of 20% over the same period.
  
  
• Trumid PT recorded its tenth consecutive quarter of sequential growth, setting new highs in client engagement, traded volume, and lists executed. Trumid PT ADV increased 69% year-over-year, more than double estimated TRACE™ market-wide PT ADV growth of 29%.

• • Portfolio Trading in High Yield is a growing focus for the market and was an area of strength for Trumid in the quarter. Trumid handled all three of the market-wide High Yield PTs exceeding $1B in TRACE™ estimated volume in Q2, including what the firm believes to be the largest High Yield PT ever executed.

• Trumid RFQ delivered its eighth consecutive quarter of sequential growth, setting new platform records for both traded volume and trade count, each up 118% year-over-year, with asset managers initiating a record number of lists during the quarter. Trumid AutoPilot™ for RFQ also hit all-time highs across volume, trade count, and list sizes.
  
  
• Trumid Attributed Trading (AT), the firm's long-established Dealer-to-Client (D2C) protocol, crossed $3 trillion in total traded volume during Q2. The protocol continues to see growing activity and client adoption, with ADV up approximately 25% compared to Q2 2024.
  
  
• Trumid's workflow and trade automation tools continued to deliver value and enhanced precision to clients:

• • The platform executed its first "no-touch" Trumid Swarms trade in Q2, expanding Trumid's automation capabilities across protocols.
    
    
  • Buyside usage of Trumid Axe Finder more than doubled from April to May, underscoring growing demand for streamlined D2C workflows. Axe Finder minimizes the time spent manually matching axes to interest, helping dealers move risk more efficiently to their clients.
    
    
  • Trumid launched ETF Monitor, a new feature delivering live ETF share prices, intraday NAV estimates, and real-time basis values for select ETFs. Powered by Trumid FVMP™ and associated ETF data sources. ETF Monitor joins Trumid PT Pricer™ and FVMP as part of Trumid's growing suite of AI-infused pricing and context tools.

• More than 13,500 unique bonds traded on Trumid in Q2 for the second consecutive quarter and around 1,700 traders transacted on the platform for the fourth straight quarter.

Trumid press +1 (212) 618-0300
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About Trumid
Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.

© 2025 Trumid Holdings, LLC, and its affiliates. All rights reserved. Trumid Financial, LLC is a broker dealer registered with the U.S. Securities and Exchange Commission ("SEC") and is a member of FINRA and SIPC. Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.

SOURCE Trumid