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Trumid partners Citigroup to deliver innovation in credit market trading

Trumid Financial

Ronnie Mateo, CEO of Trumid Financial Inc

Trumid Financial Inc, a New-York based FinTech company has entered into a partnership with Citigroup to explore innovative solutions to provide liquidity and connectivity to fixed income institutional clients.

Trumid’s trading platform aims to increase the volume of corporate bonds traded electronically, with a special focus on block trades, by leveraging the data-driven platform and innovative trading protocols. The company’s technology allows for ease of integration with other systems, quick iterations and scaling into other products and geographies.

Citi is backing Trumid through its Spread Products Investment Technologies (SPRINT) program, within the Citi Markets FinTech Investments unit. As a part of the deal, Citi will appoint an inaugural member to Trumid’s Trading Advisory Committee to provide long-term input into product development and market structure evolution, according to a statement.

Citi has joined a network of nearly 450 institutions already on the Trumid platform. “We are extremely excited about adding a market leader like Citi to our already vibrant network and working closely with all of our clients to continue delivering innovative and thoughtful products,” Ronnie Mateo, CEO of the FinTech said.

Trumid

Trumid is a FinTech company founded in 2014 by credit professionals with over 100 years of combined trading experience and is headquartered in New York City.  The company brings efficiency to credit trading through data, technology, and innovative products. Trumid Market Center, the company’s electronic trading platform, provides corporate bond market professionals with direct access to liquidity and market intelligence. Its products leverage the network effect and data science to empower credit market participants to make more informed decisions.

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