Trumid, SGX Asia bonds JV faces uncertain future

Costly delays to launch of exchange sees backers slash headcount

railway-line-end
Ocean Financial Centre, Singapore, home to Trumid XT

A start-up bond exchange that hoped to be “the missing link” between Asian and US bond markets looks to have been all but ended by its backers, with almost all staff leaving and its operations effectively mothballed.

Trumid XT, a bond platform backed by Singapore Exchange (SGX) and US bond exchange Trumid, aimed to bring together liquidity from the former’s Bond Pro and the latter’s Market Center fixed income platforms. But amid continuing delays to a planned launch, and despite having

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