# Trumid

> Trumid operates an institutional electronic marketplace for U.S. dollar-denominated corporate and emerging-market bonds, combining anonymous sessions, dealer-client trading, RFQ, portfolio execution, pricing analytics and automation. Its network includes approximately 1,000 buy- and sell-side firms. Tradeweb agreed to acquire the company in October 2026; closing is targeted for the first half of 2027.

- **Founded:** 2014
- **Headquarters:** New York, United States
- **Founders:** Ronnie Mateo (Founder & Co-CEO), Michael Sobel (Founding team member, Co-CEO & President)
- **Products:** Swarms, FVMP, Attributed Trading, Portfolio Trading, RFQ
- **Notable:** Reported USD 1.7 trillion total traded volume in 2025., Reported Q3 2026 ADV of USD 9.6 billion, up 38% year over year., 60% of users who traded in Q3 2026 used two or more protocols.

## Products & services

- **Swarms** — Anonymous session-based liquidity using limit orders and matching.
- **FVMP** — Real-time, two-sided predictive bond prices with confidence scores; more than 30,000 U.S. corporate bonds covered as of August 31, 2026.
- **Attributed Trading** — Bilateral dealer-client execution, streaming axes and inventory, and digital voice processing.
- **Portfolio Trading** — Submit, evaluate, negotiate and execute multi-bond portfolios in one trade.
- **RFQ** — Disclosed, anonymous and partially anonymous single-bond or list requests for quotes.
- **AutoPilot for RFQ** — Client-parameter-driven RFQ automation for mixed lists of up to 500 line items.
- **PT Pricer** — Estimates portfolio execution levels and supports comparison with single-name trading.
- **Smart Voice and Smart Swap** — AI-assisted conversion of unstructured trading conversations into pre-filled trade tickets.
- **Full Self Trading (FST)** — Coordinates automated execution across Swarms and RFQ within trader-defined criteria; Attributed Trading integration was planned for H2 2026.

## Achievements

- Reported USD 1.7 trillion total traded volume in 2025.
- Reported Q3 2026 ADV of USD 9.6 billion, up 38% year over year.
- 60% of users who traded in Q3 2026 used two or more protocols.
- 84% of eligible RFQ line items executed fully no-touch in 2025, according to Trumid.

## Latest updates

- **2026-10** — Tradeweb signed a definitive acquisition agreement on October 19; regulatory approvals and customary closing conditions remain, with closing targeted for H1 2027.
- **2026-10** — Q3 release reported 38% year-over-year ADV growth and expanding multi-protocol adoption.
- **2026-06** — Announced multi-year BlackRock Aladdin partnership.
- **2026-05** — Launched Full Self Trading for cross-protocol automation.

## Links

- Website: https://www.trumid.com/
- LinkedIn: https://www.linkedin.com/company/trumid/
- Twitter/X: https://twitter.com/trumid

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Profile page: https://yespress.io/trumid
Published by YesPress — https://yespress.io
Last updated: 2026-10-25