Internship

Summer Intern

Sales Rotation

Confirmed live in the last 24 hours

Trumid

Trumid

51-200 employees

Electronic trading platform for corporate bonds

Data & Analytics
Fintech
Financial Services

New York, NY, USA

Flexibility for in-office, hybrid, and fully remote.

Category
Inside Sales
Sales & Account Management
Required Skills
Market Research
Sales
Communications
Marketing
PowerPoint/Keynote/Slides
Requirements
  • Adaptable & Flexible: Thrive in a fast-changing environment and embrace new challenges with ease.
  • Strong Interpersonal Skills: Build lasting relationships and collaborate seamlessly with diverse teams and clients.
  • Resilient & Proactive: Take charge, stay focused, and push forward even in the face of challenges.
  • Intellectually Curious: Dive deep into how technology is reshaping finance and keep learning every step of the way.
  • Sales-Oriented: Drive growth through insightful market research, client outreach, and supporting business development efforts.
  • Within one year of undergraduate graduation (December 2025 – May 2026)
  • Undergraduate degree in Finance, Marketing, Business Administration, Communications, Psychology, Economics Management, Public Relations, Entrepreneurship or similar degree
  • Strong communication and analytical skills, proficiency in Excel and PowerPoint
  • Interest in sales, technology, or business development
  • A passion for learning and working in a team environment.
Responsibilities
  • Rotate through various sales, trade facilitation, product teams.
  • Support lead generation efforts, outreach, and client relationship management.
  • Conduct market research and trend analysis to support sales strategy
  • Create compelling sales presentations tailored to client needs.
  • Assist in optimizing trade workflows, improving client engagement, and identifying growth opportunities.

Trumid Financial LLC specializes in electronic trading of corporate bonds through its platform, Market Center 2.0. This platform connects various credit market participants, allowing them to trade corporate bonds directly and anonymously, which enhances the trading experience. Trumid primarily serves institutional clients like asset managers and hedge funds, providing them with liquidity to buy and sell assets without significantly impacting their prices. Unlike many competitors, Trumid's platform is designed to be user-friendly and efficient, addressing the challenges of a market often lacking in liquidity. The company generates revenue through transaction fees on trades and has introduced a data product that offers market insights, further improving the trading experience. Trumid has experienced significant growth, with a notable increase in daily trading activity and market share, positioning itself as a leader in the digitization of bond trading.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$645.2M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

9%

1 year growth

10%

2 year growth

26%
Simplify Jobs

Simplify's Take

What believers are saying

  • Trumid has shown impressive growth with daily user trading up by 80% and daily trade volumes nearly doubling over the past year, indicating strong market acceptance and reliability.
  • The company's continuous innovation, such as the introduction of new trading protocols like Portfolio Trading (PT) and Request for Quote (RFQ), drives user engagement and platform adoption.
  • Trumid's ability to attract high-profile hires like Jason Quinn as Global Head of Sales and Charlie Collins as Head of European Credit demonstrates its commitment to expanding its market footprint and enhancing its leadership team.

What critics are saying

  • The competitive landscape of electronic bond trading is intense, with numerous players vying for market share, which could impact Trumid's growth trajectory.
  • Reliance on transaction fees as a primary revenue source may pose risks if trading volumes decline due to market conditions.

What makes Trumid unique

  • Trumid's Market Center 2.0 platform offers anonymous trading, which is a unique feature in the corporate bond market, enhancing user privacy and trading efficiency.
  • The company's focus on institutional clients like asset managers and hedge funds allows it to specialize in providing liquidity in a 'liquidity parched' market, setting it apart from competitors.
  • Trumid's new data product provides valuable market insights and analytics, adding an additional revenue stream and enhancing the trading experience.

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