Trumid Sees Portfolio Trading Coming of Age

For an institutional investment manager that needs to add or reduce risk in its corporate bond portfolio, being able to trade a custom basket of dozens, or even hundreds, of securities in one shot is a big efficiency booster. According to a story in MarketsMedia news, portfolio trading has expanded to comprise about 7% to 8% of U.S. credit trading volume currently, a remarkable climb for a protocol that didn’t exist until the late 2010s. Paris Pender, Head of PT and Macro Credit Trading at electronic bond-trading platform Trumid, said it’s reasonable to envision that share tripling in time. “We see more and more clients coming into the mix, and larger and larger trades getting done,” Pender said. “There isn’t a hard reason why portfolio trading can’t become a much more substantial part of the market.” Founded in 2014, Trumid had to be an innovator to break into a crowded market from the beginning, and the firm leverages its modern technology stack and enterprise-level agility to optimize its portfolio trading offering.