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Trumid Reports Record Average Daily Volume in May

Created at 5 Jun · 12:50 PM1 source↑ Market-relevant
IN SHORT

Trumid announced a record Average Daily Volume (ADV) for May, marking a 53% year-over-year increase. The platform's ADV growth rate exceeded twice the market-wide growth reported by TRACE, with multi-protocol adoption reaching new highs.

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Key Numbers

53%year-over-year ADV increase
2xrate of market-wide growth

Who's Involved

Trumid
financial technology company and fixed income electronic trading platform
TRACE
market-wide reporting system for fixed income

↳ Why This Matters

Trumid's strong ADV growth and increased adoption suggest growing market share and user engagement in the fixed income electronic trading space, potentially indicating a shift in trading volume away from traditional methods.

Key facts

  • Trumid reported record Average Daily Volume (ADV) in May.
  • ADV increased 53% year-over-year.
  • Trumid's ADV growth rate was more than double the market-wide growth reported by TRACE.
  • Multi-protocol adoption on the platform reached new highs.

Trumid, a financial technology company and leading fixed income electronic trading platform, reported a record Average Daily Volume (ADV) in May. The platform's ADV saw a significant increase of 53% compared to the previous year. Notably, Trumid's ADV growth rate outpaced the market-wide growth reported by TRACE, more than doubling its rate. The company also highlighted that its multi-protocol adoption reached new highs during the month.

Frequently asked questions

Trumid is a financial technology company that operates a leading electronic trading platform for fixed income securities.

ADV stands for Average Daily Volume, a key metric used to measure trading activity and liquidity on a financial platform.

TRACE (Trade Reporting and Compliance Engine) is a system that reports market-wide trading activity for fixed income securities in the U.S.

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How It Developed

5 Jun · 12:00 PM
Trumid reported a record Average Daily Volume in May, increasing 53% year-over-year and outpacing TRACE reported market-wide growth.
PRN | All News Releases via PiQSuite

Sources

T1
Trumid Reports Record ADV in May, up 53% Year-over-Yearm.piqsuite.com

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