TruMid Alternative Trading System (ATS)
Trumid is a U.S.-based fintech and registered alternative trading system (ATS) for corporate bonds and credit default swaps, operating one of the largest electronic fixed income trading platforms.
Last updated September 29, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Trumid is a U.S.-based financial technology company and registered alternative trading system (ATS) focused on institutional fixed income trading, particularly corporate bonds and credit default swaps. Founded in 2014 by former traders and fixed income market experts, the company set out to digitize a credit market that had traditionally operated by voice. Its platform combines multiple electronic trading protocols — including Trumid Swarms, Attributed Trading, RFQ, and Portfolio Trading — within a single application, supported by real-time pricing, market data, and post-trade analytics. According to the company, Trumid has grown into one of the three largest electronic trading platforms in the U.S. for fixed income, with more than 1,400 traders from 1,000 buy- and sell-side institutions transacting on the platform each month. Its client network spans asset managers, banks, credit hedge funds, and alternative liquidity providers. The company emphasizes design, intuitive workflows, and the network effect of an engaged user community as core differentiators. Trumid is privately held and headquartered in New York City. Its leadership team includes Founder and Co-CEO Ronnie Mateo, Co-CEO and President Mike Sobel, Chief Financial Officer and Chief Operating Officer Dan Siracuse, Chief Technology Officer Tony Schiavo, and Chief Product Officer and Global Head of Sales Jason Quinn. The company continues to expand its product suite, having launched innovations such as Full Self Trading (FST™) in May 2026 to advance cross-protocol execution automation. As a registered ATS, Trumid operates within the U.S. regulatory framework for alternative trading systems, providing institutional clients with electronic execution for corporate bonds and credit default swaps. Its growth reflects the broader electronification of fixed income markets, where technology-driven platforms are increasingly complementing or replacing traditional voice-based trading.
History
Trumid was founded in 2014 by former traders and fixed income market experts who saw an opportunity to transform credit trading through technology, design, and superior user experience. Their vision was to advance the traditionally voice-based credit market through digital innovation. From its origins, the company focused on building an electronic trading platform tailored to the workflows of institutional credit traders. Over the following years, Trumid grew into a fintech platform serving a broad network of buy- and sell-side institutions. It developed a multi-protocol platform that includes Trumid Swarms, Attributed Trading, RFQ, and Portfolio Trading, all accessible through a single application. The company also built out data and analytics capabilities, offering real-time market views, pre-trade pricing tools, and post-trade analytics. By the mid-2020s, Trumid had become one of the three largest electronic trading platforms in the U.S. for fixed income, according to Crisil Coalition Greenwich. The company reported that more than 1,400 traders from 1,000 buy- and sell-side institutions transact on the platform each month, reflecting significant scale and network engagement. Its client base includes asset managers, banks, credit hedge funds, and alternative liquidity providers. In May 2026, Trumid launched Full Self Trading (FST™), a product advancing cross-protocol execution automation. This launch represented a continuation of the company's track record of innovation in electronic credit trading. Trumid remains privately held and headquartered in New York City, with a leadership team that includes Founder and Co-CEO Ronnie Mateo and Co-CEO and President Mike Sobel.
- 2026
Trumid launches Full Self Trading (FST™), advancing cross-protocol execution automation.
- 2014
Trumid founded by former traders and fixed income market experts.
Products and positioning
A dynamic technology company reshaping fixed income trading through agile technology, market expertise, and superior design; one of the three largest electronic trading platforms in the U.S.
Trumid Platform
Integrated, intuitive multi-protocol platform delivering a broad range of fixed income trading protocols through a single application.
Trumid Swarms
A trading protocol available on the Trumid platform.
Attributed Trading
A trading protocol available on the Trumid platform.
RFQ
Request for Quote protocol available on the Trumid platform.
Portfolio Trading
A trading protocol available on the Trumid platform.
Data & Analytics
Real-time market view enriched with advanced pre-trade pricing tools, market data, and post-trade analytics.
Full Self Trading (FST™)
Launched in May 2026, advancing cross-protocol execution automation.
Recent events
Trumid and Jefferies collaborate on emerging-markets credit trading[6]
Reported:
Trumid announced that it would collaborate with Jefferies on emerging-markets credit trading. Jefferies will use Trumid's Attributed Trading protocol and workflow solutions to provide liquidity to its institutional clients.
SGX, Trumid and Hillhouse establish XinTru joint venture[7]
Reported:
Singapore Exchange, Trumid and Hillhouse Capital established XinTru, a joint venture focused on operating an Asian bond electronic trading platform.
XinTru announces planned launch of Trumid XT[7]
Reported:
XinTru announced that it would launch the Trumid XT bond trading platform in 2021; the source describes a planned launch, not a completed one.
Trumid and Barclays announce strategic partnership[8]
Reported:
Trumid announced a strategic partnership with Barclays, which will join Trumid's Trading Advisory Committee to collaborate on trading and workflow protocols and future product development.
Sources8 sources
Cite this profile: Cite the canonical profile. /brand-wiki/trumid-alternative-trading-system-ats · Editorial policy · How profiles are compiled