JP Morgan joins Trumid protocol for direct liquidity

Rick Steves

“We are looking forward to working together with Trumid as they focus on technology and innovation in markets as an additional option to provide best in class execution for our clients.”

JPMorgan Chase

J.P. Morgan has joined Trumid’s trading platform and client network as a strategic partner.

The financial technology company and fixed income electronic trading platform features a proprietary Attributed Trading protocol that provides liquidity directly to its institutional clients.

Ecosytem of liquidity options

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.

Austin Garrison, Head of North America Credit Trading at JP Morgan, said: “We are looking forward to working together with Trumid as they focus on technology and innovation in markets as an additional option to provide best in class execution for our clients.”

Ronnie Mateo, Founder and Co-CEO of Trumid, commented: “This is a massive win for all of our clients. We’re eager to combine J.P. Morgan’s thought leadership and participation with our technology expertise to improve and expand our product.”

JP Morgan invests in Laika to beef up compliance

JP Morgan has recently invested in Laika, a compliance-as-a-service platform which has raised $35 million to develop additional automation, integrate audit experiences into the platform, build out its team, and extend the company’s growth and momentum in the market.

The Series B funding was led by J.P. Morgan Growth Equity Partners with participation from PayPal Ventures and all existing investors including Bain Capital Ventures, Canapi, Dashfund, Nyca and ThirdPrime.

Companies are increasingly reliant upon independent audits and assessments of software providers’ compliance controls. This has been a cumbersome, manual and lengthy process that results in missed deals and lost revenue.
Laika was founded to address this issue and help companies establish robust compliance practices by combining automated infosec workflows, audits, monitoring, and vendor due diligence in a single platform.

Laika supports its customers with subject matter experts at every step of the compliance process, including dedicated compliance architects to help companies navigate compliance processes and obtain security certifications.

Having achieved 4.5x ARR growth YOY, including 3.9x YOY customer growth and more than 50% of customers upgrading to the company’s Laika+ offering, the firm has proven to be a solid investment, especially for firms that highly need robust compliance solutions such as JP Morgan and PayPal.

Laika currently has 100 employees and expects to grow headcount by approximately 120 in the next 12 months, with a focus on building out its Sales and CX teams to support customers on the West Coast and Asia-Pacific region.

Read this next

Retail FX

Stephen Kalayjian launches educational and community platform TradeEZ

TradeEZ has partnered with online broker TradeZero to provide chart overlays that can be accessed on the TradeZero platform. In the future, the firm will be looking to partner with some of the largest firms around the world.

Retail FX

LiteFinance launches new mobile app on Google Play

The mobile app allows users to trade and copy professional traders’ positions and gain access to trading chat rooms.


ECXX taps OneTick for data management and analytics

OneTick is asset class-agnostic and currently has customers across FX, equities, futures, CFDs, FI, and options.

Industry News

$1.5 million: SEC fines BNY Mellon Investment Advisor for misstatements and omissions about ESG

Investors are increasingly focused on ESG considerations when making investment decisions.

Digital Assets

Mercuryo reaches 3 million users amid crypto payments’ US and Asia expansion

“The opportunities for linking crypto and fiat currencies are abundant. From crypto projects that require fiat solutions (like fiat on and off ramps and IBANs), through to crypto for traditional fiat systems, and solutions for fintech companies that enable clients to buy or sell crypto within their own infrastructure.”

Retail FX

Maltese watchdog warns of bogus broker Perfect Choice Trade

The Malta Financial Services Authority (MFSA), the regulator responsible for the oversight of the forex  sector in the Mediterranean island, today issued a warning against a forex broker that offers its services without having the authorization to do so.

Digital Assets

Dukascopy warns of fake website impersonating its cryptocurrency

Switzerland’s forex bank and broker, Dukascopy, today warned against a fraudulent website that have been falsely claiming affiliation with its ‎authorized brand.‎


Freetrade raises £30 million to fund business expansion

Freetrade, which calls itself a challenger stockbroker, has raised £30 million in debt financing led by a clutch of existing investors.

Digital Assets

Crypto assets under management at lowest point since July 2021

Crypto investment products registered outflows for a second consecutive week, the bulk of which came from bitcoin funds, according to data from digital asset manager CoinShares.