Broadens buy-side and sell-side access to corporate bond liquidityÂ
Trumid, a financial technology company and leading fixed income electronic trading platform, announced the successful integration of its fixed income trading protocols into MultiLynq, a leading provider of electronic fixed income trading connectivity and integration solutions.
Through this new relationship, clients can now easily access Trumid’s RFQ and Attributed Trading protocols via MultiLynq while retaining their preferred front-end interfaces and communicating with downstream systems, ensuring seamless workflows. The integration will offer an alternative to direct integration, facilitating a swift and flexible implementation process and resulting in time-and cost-savings.
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“Our mission is to continue enhancing connectivity, provide seamless cost-effective access to leading trading venues, and further break down technology barriers in an effort to create greater efficiency for fixed income market participants,” said MultiLynq Co-Founder Patrick Scheideler. “This new collaboration with Trumid reinforces our commitment. We are looking forward to a long and successful relationship.”
Trumid Head of Integration Rebecca Mazour said, “MultiLynq helps clients to optimize user workflows while simplifying FIX onboarding, enabling traders to access our network liquidity through Trumid RFQ and Attributed Trading. This relationship can drive greater engagement across MultiLynq’s client base, increase activity, and support ongoing efforts to expand into additional Trumid trading protocols.”
For Q3 2024, Trumid year-on-year average daily volume increased 68% and overall market share rose by 25% vs. Q3 2023. Trumid RFQ logged its fifth consecutive quarter of sequential growth with record traded volume and client adoption. More than 600 users initiated a Trumid RFQ in Q3 and over 700 users responded to an RFQ.
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