Goldman Sachs Announces Strategic Relationship for Bond Trading Network

Bond market operator, Trumid, has set up a new strategic relationship with Goldman Sachs, according to a story in The Desk news. Goldman will join Trumid’s Attributed Trading network and use Trumid’s protocols to provide connectivity and liquidity directly to Goldman’s institutional clients. Goldman will also join Trumid’s Trading Advisory Committee to provide long-term input into product development and market structure evolution. Trumid has developed bilateral dealer-to-client liquidity distribution and trading through its Attributed Trading protocol that was launched in 2019. Through rapid development cycles and active client collaboration, the Attributed Trading ecosystem has expanded to include tools to support efficient trade execution and hedging, data aggregation and pre-trade transparency and workflow solutions for sell-side salespeople. The disclosed Attributed Trading protocol complements Trumid’s anonymous protocol and the firm reports that together they drove 374% year-over-year volume growth on the platform in 2020. In October, Trumid announced the addition of Emerging Market bond trading on its Market Center platform.