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News and resources on capital markets, exchanges, trade execution and post-trade settlement.

ION Markets delivers trading connectivity for Trumid

Source: ION

ION Markets, a leading global provider of trading solutions for capital markets, has upgraded its connectivity to support Trumid’s Attributed Trading, a disclosed dealer-to-client negotiation protocol, through the ION Credit solution.

Trumid is a financial technology company and electronic bond trading platform, building differentiated trading solutions for its community of users.

This upgrade builds on previous versions of the Trumid gateway that supports Axe contribution and post-trade functionalities, providing flexible negotiation options for users.

ION Credit’s upgraded solution for Trumid provides additional benefits, including access to diverse market data sources, powerful automation for Axe and Run management, and ION’s advanced pricing engine.

"An important goal at Trumid is to promote efficiency and streamline our client's workflows. Our continued collaboration with ION has enabled sell-side traders to distribute their axes seamlessly and negotiate with their clients bilaterally. We are eager to continue working with ION to provide these traders with access to Trumid's anonymous liquidity pool.” - Lauren Burd, Head of Product Sales, Trumid.

ION Credit’s automation features give traders sophisticated inquiry management and configurable auto-negotiation. Covering multiple markets, the ION Desktop user interface allows dealers to manage workflows for multiple markets from a single screen. This allows orders, trades, and allocations to flow seamlessly downstream. In addition, ION Credit’s fully modular technology easily scales with businesses, integrates with third-party systems and technologies, and offers intelligent quote management.

“We’re passionate about innovation and workflow automation, working closely with our customers to meet their evolving needs and transform their businesses. We are particularly excited to support Trumid through ION Credit, which overcomes the complexity and fragmentation of credit markets and equips users to deliver fast, accurate service.” - Andrea Alberio, Product Manager, ION Markets.

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