ION announces LatentZero OMS connection to Trumid
LONDON – 13 April 2023: ION Markets, a global provider of trading platforms, analytics, and risk management solutions for capital markets, announces the connection of its LatentZero order management system (OMS) to Trumid, a financial technology company and fixed income electronic trading platform. The link adds connectivity to ION Markets’ fast, accurate OMS for all markets and brokers worldwide, across every asset class.
For asset managers, high-speed, precise order management is vital. Critical information is required in real time. However, many firms rely on a mixture of redundant, isolated systems, and manual processes. This makes it challenging to control costs and keep pace with shifting regulations.
As a leading electronic bond trading platform, Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions for its global community of users. The integration between LatentZero OMS and Trumid supports all Trumid trading protocols and is designed to deliver best execution by utilizing automated and innovative technologies. It will allow users to interact with a wider group of buy-and sell-side market participants, provide greater access to liquidity and trading opportunities, and simultaneously ensure the compliance of trades from LatentZero OMS.
Trumid brings an extensive and diverse client network of over 720 institutions. In Q1 2023, Trumid reported record trade volume, overall market share, and user participation with average daily volume (ADV), up 81% year-over-year. Trumid offers users protocol flexibility, supporting a full ecosystem of trading protocols in one application. From the LatentZero integration, traders can access both anonymous (session based) and attributed trading workflows (dealer streams and portfolio trading) on Trumid. All activity is consistent with investment directives, risk, and compliance checks.
The connection between parties also provides users with access to Trumid’s integrated market data intelligence tools, delivering enhanced transparency across the trade lifecycle and an aggregated view of the market. The personalized experience includes smart notifications to help guide and inform trading decisions.
“We’re excited to extend our integration with ION Markets, to drive innovation and enhance trading workflows for our mutual clients across all Trumid trading protocols,” commented Lauren Burd, Head of Product Sales, Trumid. “The Trumid platform offers a unique pre-trade experience and a large pocket of diverse liquidity. Our integration with LatentZero OMS creates efficiency and helps to minimize operational risk for traders. We look forward to continued collaboration with ION, especially as we expand into list-based trading.”
Steven Strange, Head of Product (Asset Management) at ION Markets, comments: “We’re committed to meeting the evolving needs of our clients, offering technology innovation and workflow automation to help them transform their businesses. We’re equally passionate that compliance checks are built into every stage of the lifecycle, guaranteeing an audit trail for less complicated reporting. The connection to Trumid through ION LatentZero OMS will provide access to leading market intelligence tools and improve workflow efficiency across the full trade lifecycle.”
Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, foreign exchange, cleared derivatives and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/.