Four Months In, TruMid Discusses Credit Trading Platform

Mike Sobel gives an update on the company's trading platform after four months of activity.

mike-sobel-trumid
Mike Sobel, TruMid

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 tw