TruMid Adds Investment Grade Bonds to its Platform

Electronic corporate bond trading venue TruMid announced that it has added investment grade corporate bond trading to its electronic trading platform.

mike-sobel-trumid
Mike Sobel, TruMid.

The platform now allows users to trade round lots across the spectrum of corporate debt, including US investment grade, high-yield and distressed. According to the New York-based company, investment grade makes up about two-thirds of corporate bond trading volume.

"We've been actively trading high-yield and distressed bonds for the past four months, and just did our first spread-based trades," said Josh Rubinson, head of Investment Grade at TruMid, in a statement.

"We received approximately thre

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