Trumid Reports Record April Trading and Expands AI Features

Trumid announced in a press release that its average daily trading volume reached $10.2 billion in April, a 34 percent increase compared to the previous year. This growth outperformed the broader credit market, which rose 1 percent according to TRACE data. The company also reported record platform and U.S. Investment Grade market shares, up 32 percent and 48 percent year-over-year respectively.

List trading through Trumid RFQ and Portfolio Trading advanced 44 percent year-over-year, supported by wider use of automated list workflows, in-application analytics, and real time pricing tools. Approximately one third more buy-side traders executed daily compared to April of the previous year.

Trumid RFQ saw a 118 percent increase in average daily volume, with automation driving 85 percent of eligible RFQ line items executed without manual intervention through the AutoPilot feature. The company also introduced RFQ Auto-Submit, allowing clients to send requests directly from their order management systems.

During the month, Trumid launched Smart Voice, an AI capability that processes client conversations into complete trade tickets within seconds. Built with large language model technology, Smart Voice identifies key trade details such as trader name, bond, size, and direction, supporting both buy-side and sell-side participants and processing about $1 billion in daily volume in April.