Trumid President Talks Electronifie Acquisition
Mike Sobel explains the thinking behind the deal, and what the future has in store for the electronic corporate bond platform.
The world of electronic trading platforms for corporate bonds is not a big one, and it doesn’t take long for news to spread among the various vendors. That’s why Mike Sobel, president of Trumid, was able to catch wind of Electronifie’s efforts to raise capital fairly quickly, and when the vendor began looking at different strategic options beyond an infusion of capital, Sobel recognized an opportunity for his company.
For Sobel, the acquisition of Electronifie, which was announced last week
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