Trumid buys Electronifie

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Trumid, a financial technology company that improves trading efficiency and market intelligence in the corporate bond market, today announced the completion of its acquisition of fellow all-to-all trading platform, Electronifie.

The acquisition will increase the size and diversity of the Trumid user network and strengthen Trumid’s team and technology offering.

Upon closing, over 350 institutions will be on board Trumid Market Center, the company’s all-to-all trading network for corporate bonds. Amar Kuchinad, Electronifie’s CEO and Founder, will join Trumid as Chief Strategy Officer.