Trumid, a Fintech firm and fixed income electronic trading platform, is pleased to confirm that J.P. Morgan (NYSE: JPM) will be joining its trading platform and client network as a strategic partner.
As mentioned in the announcement, J.P. Morgan will be utilizing Trumid’s Attributed Trading protocol to offer liquidity directly to its institutional customers. Trumid and J.P. Morgan will work cooperatively to integrate workflows and offer market structure solutions for the credit market.
The update further noted that Trumid combines agile tech, focused product design and market expertise to provide a unique trading solution to its users. The firm’s differentiated approach has resulted in 72% YoY total reported volume growth in the month of November and “a 55% increase in users executing trades daily.”
As noted in a release, Trumid offers an expanding set of trading protocols that “integrate seamlessly with its users’ workflows and offer an ecosystem of liquidity options.”
Austin Garrison, Head of North America Credit Trading, stated:
“We are looking forward to working together with Trumid as they focus on technology and innovation in markets as an additional option to provide best in class execution for our clients,”
Ronnie Mateo, Founder and Co-CEO of Trumid, remarked:
“This is a massive win for all of our clients. We’re eager to combine J.P. Morgan’s thought leadership and participation with our technology expertise to improve and expand our product.”
As mentioned in the release, Trumid is a financial technology company “building tomorrow’s trading network.”
The firm focuses on optimizing the credit trading experience “by combining agile technology and market expertise, with a focus on product design.” The result is “a differentiated and easy to use trading solution for its community of users.”
Trumid is a FINRA registered broker/dealer and SEC-regulated Alternative Trading System (ATS).
In a separate announcement, dated December 10, 2021, Trumid reported that its trade volume and user participation highlights for the month of November 2021.
In the month of November, Trumid TRACE Reported ADV “was $1.4B, representing 64% year-over-year growth.”
The firm also noted:
“A record number of users executed a trade on the platform in November, a 55% increase year-over-year. This includes a record number of buy side users transacting on Trumid. In addition, a record number of unique securities traded on the platform during the month. Trumid builds impactful and agile trading solutions for its community of users, with new features and enhancements released each month.”