New updates have been reported about Trumid.
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Trumid closed 2025 with record performance, cementing its position as a leading U.S. corporate bond e-trading venue and significantly outgrowing the overall market. Total volume on the platform reached $1.7 trillion for the year, a 24% increase versus 2024, compared with a 12% rise in TRACE-reported market-wide activity. Average daily volume climbed to $7 billion, and Trumid’s overall market share rose 11% year over year, with record penetration in both Investment Grade and High Yield credit. The platform’s institutional network expanded to roughly 1,000 buy- and sell-side firms, more than 2,300 traders were active, and over 18,000 unique bonds traded, underscoring deeper client reliance on Trumid as electronic liquidity scaled alongside record primary issuance.
Growth was driven primarily by Trumid’s list-based RFQ and Portfolio Trading (PT) protocols, where combined volumes surged 85% year over year and both workflows set new participation highs. RFQ was a standout, with full-year ADV up 136%, Q4 ADV exceeding $1 billion, and 84% of eligible RFQ line items executing fully automated via Trumid’s AutoPilot, reflecting the platform’s pivot toward automation and AI-enabled execution. Portfolio Trading volume increased roughly 50%, more than twice the growth rate of TRACE portfolio trading, and has quickly achieved double-digit electronic market share, supported by tools such as PT Pricer, portfolio analytics, and reoffer workflows. Trumid also captured a record 41% share of new-issue secondary trading in the first two days after issuance and delivered a 17% ADV increase in its bilateral dealer-to-client protocol, Trumid AT, which continues to serve as a core D2C liquidity channel. December 2025 capped the year with $4.9 billion in ADV, up 14% year over year, and an 80% annual increase in combined RFQ and PT activity, positioning Trumid to leverage its scalable technology stack and growing network for further share gains in 2026.