ION 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.
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.
“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,” said Lauren Burd, head of Product Sales at Trumid, in a statement.
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.