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
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