Trumid Adds RFQ to Credit Trading Protocols

Electronic bond market operator Trumid, has launched new Request for Quote (RFQ) trading on its platform. According to a story in Desk news, Trumid clients can now initiate, view, and respond to disclosed, fully anonymous, or partially anonymous single bond or list RFQs in one application. RFQ is integrated within Trumid’s existing electronic trading platform, with straight-through processing to order management system (OMS) providers and proprietary systems. Instruments covered include US dollar-denominated investment grade, high yield, distressed, and emerging market sovereign and corporate bonds. The addition of RFQ expands Trumid’s ecosystem of credit trading protocols and solutions. Clients can trade with a network of peers and counterparties, moving between Trumid’s Anonymous, Attributed Trading (AT), portfolio, and RFQ trading protocols, based on their preferred workflows and trading objectives.