Internship

2025 Summer Intern

Sales Rotation

Updated on 12/20/2024

Trumid

Trumid

51-200 employees

Electronic trading platform for corporate bonds

Data & Analytics
Fintech
Financial Services

New York, NY, USA

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 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 aims to enhance market efficiency and has experienced significant growth, with a notable increase in user trading and trade volumes.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$645.2M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

6%

1 year growth

11%

2 year growth

26%
Simplify Jobs

Simplify's Take

What believers are saying

  • Trumid's daily trading volume increased by 79% in Q1 2024, indicating strong growth.
  • The platform's user base expanded by 51% year-over-year, boosting market engagement.
  • Trumid's integration of new protocols like RFQ and PT drives significant growth.

What critics are saying

  • Increased competition from MarketAxess and Tradeweb threatens Trumid's market position.
  • Potential regulatory scrutiny could impact Trumid's operational flexibility and costs.
  • Market volatility in corporate bonds may reduce trading volumes, affecting revenue.

What makes Trumid unique

  • Trumid's Market Center 2.0 offers anonymous trading, enhancing user privacy and security.
  • The platform's focus on liquidity addresses the 'liquidity parched' market challenge.
  • Trumid's new data product provides valuable market insights, enhancing client decision-making.

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