Trumid Posts Record Q1 2026 Volumes, Widens Lead in Electronic Credit Trading

New updates have been reported about Trumid.

Trumid reported its strongest quarter to date in Q1 2026, underscoring its growing importance in electronic credit markets with average daily volume of $10.1 billion, up 37% year over year and ahead of the 24% growth in TRACE-reported market-wide volumes. March set a new monthly high with $10.3 billion in average daily volume, while overall platform market share rose 10% across Investment Grade, High Yield, and Emerging Markets credit, supported by a record 1,800 traders on the platform and deepening multi-protocol usage.

U.S. Investment Grade trading remained a core franchise, with market share up 19% from a year earlier and 16% from the prior quarter as clients increasingly embedded Trumid’s workflows into daily activity. List-based trading was the key growth engine: combined RFQ and Portfolio Trading average daily volume jumped 104% year over year, driven by expanding adoption of automated list workflows, analytics, and real-time pricing.

Within list trading, Trumid’s RFQ protocol delivered a breakout quarter, with traded volume up 150% year over year and nearly 60% quarter over quarter, and 86% of eligible RFQ line items executing fully automated via its AutoPilot tool. Portfolio Trading also hit record levels, with average daily volume up 55% versus the prior year and outpacing TRACE portfolio trading growth of 38%, while buy-side participation accelerated and the platform recorded a new peak in PT lists traded in a single day.

Trumid also strengthened its position in grey and new issue liquidity during a period of heavy primary issuance, capturing a record 44% of secondary market activity in the first two days after issuance and supporting price discovery for clients. Its Swarms protocol, a key liquidity source across grey, new issue, and seasoned bonds, recorded a single-day high of $2.5 billion traded, while the bilateral dealer-to-client Attributed Trading channel reached record volumes and client counts, reinforcing the breadth of Trumid’s integrated ecosystem.

In March alone, Trumid’s platform again outgrew the broader market, with average daily volume up 30% year over year versus 22% growth in TRACE as list protocols led expansion and set multiple records. Management highlighted that the credit market is entering a new phase of innovation around automation, analytics, and AI, positioning Trumid to continue rolling out features at pace through its agile technology stack and to deepen client partnerships as electronic credit trading and workflow automation gain further traction.