Four Months In, TruMid Discusses Credit Trading Platform
Mike Sobel gives an update on the company's trading platform after four months of activity.
On April 29, TruMid went live with its electronic corporate bond trading venue. The new entrant in the space is interesting because it features elements of a dark pool but also provides session-based trading.
The platform went live with 63 clients fully on-boarded, according to Mike Sobel, managing partner at TruMid, and since then has almost tripled that number to 160 institutions, which consist of hedge funds, sell-sides and "real money", meaning pension and mutual funds. Of that 160, about
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