With New Trading Platform, TruMid to Launch ‘On-Demand' Trading Sessions

Mike Sobel talks with WatersTechnology about TruMid's new trading platform, which will be launched next month.


As TruMid nears the one-year anniversary of the launch of its session-based dark matching venue for corporate bonds, it is gearing up for the launch of a new, in-house developed trading platform.

The new system will usher in "on-demand" swarms—the term the company uses to describe its trading sessions—to operate alongside TruMid's traditional point-in-time, session swarms.

Currently, the session swarms are scheduled at specific times, where TruMid sets the starting price and bid/offer range for