ION upgrades connectivity to support Trumid’s direct liquidity

Rick Steves

“We are eager to continue working with ION to provide these traders with access to Trumid’s anonymous liquidity pool.”

connect

ION Markets has upgraded its connectivity to support Trumid and its disclosed dealer-to-client negotiation protocol, Attributed Trading.

The protocol runs through the ION Credit solution, thus allowing Trumid to provide additional benefits, including access to diverse market data sources, powerful automation for Axe and Run management, and ION’s advanced pricing engine.

Access to Trumid’s anonymous liquidity pool

Trumid is a global provider of trading solutions for capital markets and is specialized in bond trading, with its platform offering differentiated trading solutions for its community of users.

The fintech firm features a proprietary Attributed Trading protocol that provides liquidity directly to its institutional clients.

The Trumid gateway supports Axe contribution and post-trade functionalities, providing flexible negotiation options for users. ION Credit’s upgraded solution builds on previous versions and, among other things, adds market data sources and enhances the pricing engine.

ION Credit’s automation features give traders sophisticated inquiry management and configurable auto-negotiation. Covering multiple markets, the ION Desktop user interface allows dealers to manage workflows for multiple markets from a single screen. This allows orders, trades, and allocations to flow seamlessly downstream.

ION Credit’s fully modular technology easily scales with businesses, integrates with third-party systems and technologies, and offers intelligent quote management.

Lauren Burd, Head of Product Sales at Trumid, said: “An important goal at Trumid is to promote efficiency and streamline our client’s workflows. Our continued collaboration with ION has enabled sell-side traders to distribute their axes seamlessly and negotiate with their clients bilaterally. We are eager to continue working with ION to provide these traders with access to Trumid’s anonymous liquidity pool.”

Andrea Alberio, Product Manager at ION Markets, commented: “We’re passionate about innovation and workflow automation, working closely with our customers to meet their evolving needs and transform their businesses. We are particularly excited to support Trumid through ION Credit, which overcomes the complexity and fragmentation of credit markets and equips users to deliver fast, accurate service.”.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

JP Morgan joined Trumid protocol

In December 2021, the banking giant joined Trumid’s trading platform and client network as a strategic partner.

J.P. Morgan will utilize Trumid’s protocol and both firms will work together to integrate workflows and deliver innovative market structure solutions for the credit market.

Trumid uses a differentiated approach to fintech which has driven 72% year-over-year total reported volume growth in the month of November and a 55% increase in users executing trades daily.

Its agile thought process has allowed Trumid to expand its set of trading protocols that integrate with its users’ workflows and offer an ecosystem of liquidity options.

 

 

Read this next

Digital Assets

FTX co-CEO, SBF’s close associate sentenced to 90 months in prison

Former FTX executive Ryan Salame has been sentenced to 90 months in prison after pleading guilty to criminal charges last September.

blockdag

BlockDAG Dominates Crypto Presales With $34.7M Milestone, Surpassing Floki And Bonk In Market Influence

Discover how BlockDAG’s cutting-edge dashboard and presale achievements upstage Floki and Bonk in the cryptocurrency arena, signaling superior investment opportunities.

Market News, Tech and Fundamental, Technical Analysis

Dogecoin Technical Analysis Report 28 May, 2024

Dogecoin cryptocurrency can be expected to fall further toward the next support level 0.1500.

Retail FX

Canadian broker Questrade taps TradingView charting

Canadian securities brokerage Questrade has upgraded its web platform by integrating popular charting software TradingView.

Fintech

Germany lifts N26’s monthly cap of 60,000 new clients

Germany’s financial regulator has lifted a cap on the number of new clients that N26 Bank AG can take on after the fintech company improved its anti-money laundering controls. BaFin, the country’s financial watchdog, will remove the cap entirely from June 1, 2024.

Education

Animals and the money: Octa broker gathered the most popular slang words in financial markets

If you’ve seen ‘The Wolf of Wall Street’ with Leonardo DiCaprio as Jordan Belfort, you might have wondered why he’s called a wolf in the movie. It’s not just a random label. Animals are often used in finance to describe traders, their traits, or market conditions.

Industry News

Octa’s Global Ramadan Impact

Charity activities are an essential part of Ramadan celebrations. Octa seized this opportunity to implement a series of socially beneficial initiatives worldwide. Read about the projects the broker carried out in Indonesia, Malaysia, and Nigeria.

Digital Assets

Nexo integrates The Tie’s advanced real-time analytics

“Learning to analyze and “hear” the market takes time, but it also takes information. Together with the Tie, we are acting on our commitment to ensure all users have fast access to market sentiment and movements, enhancing their experience, strategies, knowledge, and engagement through valuable data-driven insights.”

Executive Moves

The Financial Commission appoints FastMT’s Aytugan Khafizov to committee

“We are thrilled to have Mr. Khafizov join our dispute resolution committee. His deep expertise in financial trading systems and his commitment to improving trading technologies will significantly strengthen our efforts in providing fair and efficient resolutions for our members’ clients.”

<