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Trumid Launches Portfolio Trading Protocol

Trumid, a financial technology company and fixed income electronic trading platform, announced the launch of portfolio trading on Trumid. Designed to simplify and extend electronic portfolio trading for institutional clients and dealers, Trumid Portfolio Trading (PT) is the newest addition to Trumid’s ecosystem of protocols and trading solutions — delivering multiple workflows to traders in a single unified application. Trumid began rolling out its new PT solution to clients in late 2022. The first release focused on making the basics easy: an integrated electronic solution for clients to efficiently submit, evaluate, negotiate, and execute portfolio trades, with a clean and simple user interface. Designed and built in close collaboration with network participants, Trumid PT includes:

• Efficient desk collaboration tools to enable sell-side traders at the same dealer to collaborate in real-time on inquiries.

• Access to Trumid’s Fair Value Model Price (FVMP™). Trumid’s proprietary real time bond pricing service is embedded in the workflow, covering approximately 20,000 USD-denominated corporate bonds. Trumid clients increasingly view and rely on FVMP for best execution.

• List processing for up to 3,000 line items. Large lists can be efficiently managed through the platform with rapid pricing and post-trade delivery. Analytics for portfolio trades with 3,000-line items across eight dealers in competition can be recalculated in under one second.

• Flexible negotiation features to allow buy-side clients to fully negotiate within the application.

• Straight-through processing to leading OMS providers and proprietary systems. Trumid Portfolio Trading is seamlessly integrated with Trumid’s dealer-to-client protocol, Attributed Trading (AT), offering a data enriched approach to portfolio trading. 44 dealers and algorithmic liquidity providers stream actionable market data on more than 13,000 CUSIPs daily into AT, all of which can be leveraged within the portfolio trading protocol.   

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