Nasdaq And Trumid Collaborate On Corporate Bonds
Nasdaq and Trumid are collaborating on workflow solutions for Corporate Bond Investors—coupling Trumid’s innovative trading platform with Nasdaq Fixed Income’s technology and real-time execution. Both companies look to simplify U.S. Treasury hedging for Corporate Bonds by providing a best-in-class single point of access for credit and rates on Trumid.
Nasdaq Fixed Income currently offers a simplified, transparent liquidity platform for transacting U.S. Treasuries, operating on the Nasdaq Financial Framework (NFF). Comprised of a state-of-the-art matching engine, business functionality and protocol technologies, and a single operational core that ties everything together to deliver robust solutions to financial infrastructure providers and end users alike.
Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and innovative products. Trumid’s trading platform and products leverage the network effect and data science to empower all credit market participants with business intelligence to make more informed decisions.
As a leading market technology provider, Nasdaq is developing a fully integrated workflow solution to connect Trumid to U.S. Treasury liquidity. Trumid’s intuitively designed electronic bond trading platform, Trumid Market Center, provides corporate bond market professionals with direct access to anonymous and counterparty-disclosed liquidity. By working together, Nasdaq and Trumid are providing investors with a seamless, modern solution for real-time U.S. Treasury hedging and execution.
The bonds broaden the universe of issuers who can begin to transition towards sustainability.
The electronic bond trading platform completed a fundraising last month.
The partnership reduces disintermediation by bringing the buyside and sellside closer together.
Investment and transaction levels by foreign investors of RMB-denominated bonds have set records.
This marks the first step towards wider use of smart contracts and DLT for the Asian bond market.