In a seemingly steady start to the new year, electronic bond trading platform Trumid has reported solid results for January 2026, showcasing expansions in market presence, transaction volumes, and user involvement. The company’s average daily volume (ADV) climbed to a $9.9 billion, marking a 44% increase compared to the same period last year and a 101% surge from the previous month.
This performance surpassed the broader market’s growth, as indicated by TRACE data, which showed only a 28% rise in overall volumes.
Trumid’s overall platform market share expanded by 12% year-over-year, while its share in the US investment-grade segment jumped even higher at 21%.
These gains reflect the platform’s deepening integration into the workflows of financial professionals, driven by innovative features and a growing network of participants.
Particularly noteworthy is the combined advancement in request-for-quote (RFQ) and portfolio trading (PT) activities, where ADV soared 130% from the prior year.
Engagement from buy-side traders also intensified, with daily participation rising by 54%.
Diving deeper into specific protocols, Trumid’s RFQ segment achieved an ADV of $1.4 billion, with both the total traded amounts and the number of transactions more than doubling year-over-year and increasing by over 50% month-over-month.
A key efficiency booster was the widespread use of AutoPilot, which handled 87% of eligible RFQ items.
Meanwhile, portfolio trading saw its ADV grow by 92% annually, outstripping the 73% expansion in TRACE-reported PT volumes.
The platform set a new benchmark by processing a record number of PT lists in one day, underscoring its capacity to manage large-scale operations effectively.
List trading emerged as a major driver of this momentum, bolstered by 86 active RFQ liquidity providers and sophisticated analytics integrations.
In the realm of new issue secondary trading, Trumid captured a 44% market share within the initial two days after issuance, facilitated by tools like Swarms and Attributed Trading.
The breadth of activity was further highlighted by trading in over 11,800 distinct bonds—a new high—and the involvement of more than 1,500 traders each day.
Mike Sobel, Co-CEO and President of Trumid, emphasized the significance of these achievements, noting that the investments and partnerships from 2025 have led to a substantial uptick in activity at the beginning of 2026.
“We anticipate a year filled with vigorous market dynamics and advancements in structure,” Sobel said.
He highlighted how the platform’s records in market share, volume, and engagement stem from widespread adoption across various protocols, including RFQ, PT, Swarms, and Attributed Trading, alongside peak daily trader transactions.
Sobel also pointed out the rising prominence of list trading in overall volumes, attributing the 130% year-over-year growth in combined RFQ and PT to Trumid’s connected ecosystem, unique processes, data insights, and valuation resources.
This January performance positions Trumid favorably for continued innovation and client-focused enhancements throughout 2026.
As the fixed-income market evolves, the platform’s ability to deliver efficient, scalable solutions appears set to maintain its edge.