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Trumid Hits $10.2 Billion ADV as List Trading Fuels Record Market Share Gains

Trumid Hits $10.2 Billion ADV as List Trading Fuels Record Market Share Gains

New updates have been reported about Trumid.

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Trumid reported a record average daily volume of $10.2 billion in February 2026, its first time above the $10 billion mark and a 37% year-over-year increase that significantly outpaced the 21% growth in TRACE-reported market-wide volumes. The platform’s overall market share also reached an all-time high, rising 13% year-over-year, with U.S. Investment Grade trading share up 23% as more clients consolidated activity on Trumid.

List trading was the primary catalyst, with combined RFQ and Portfolio Trading volumes up 90% year-over-year and legacy protocols such as Swarms and Attributed Trading delivering 27% ADV growth, underscoring the strength of Trumid’s multi-protocol model. Client participation deepened across the board, with a record number of traders active daily, more than 11,000 unique bonds changing hands for the third consecutive month, RFQ volumes climbing 148% to a record $1.6 billion in ADV, a 42% year-over-year increase in $5 million-plus block inquiries, and Trumid capturing an average of 47% of all secondary trading in the first two days after new bond issuance, positioning the firm as a central liquidity venue in U.S. credit markets.

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