TruMid, the digital corporate bond trading platform backed by George Soros and Peter Thiel has traded more than $1bn since its revamp last month. The company is now valued at $1.3bn, up from a low of $800m in early 2016.
TruMid, the digital corporate bond trading platform backed by George Soros and Peter Thiel has traded more than $1bn since its revamp last month. TruMid, which is one of a number of firms looking to take advantage of the migration to digital platforms in fixed income markets, at a time when reduced liquidity is an issue for many market participants, focused on matching buy and sell orders in excess of $1bn.