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Full-Time

Senior Software Engineer

Distributed Systems

Confirmed live in the last 24 hours

Trumid

Trumid

51-200 employees

Electronic trading platform for corporate bonds

Data & Analytics
Fintech
Financial Services

Compensation Overview

$200k - $250kAnnually

+ Bonus

Expert

Remote in USA

Category
FinTech Engineering
Software Engineering
Required Skills
TCP/IP
RabbitMQ
Kubernetes
Apache Kafka
Docker
Scala
Requirements
  • Proficiency in Scala preferred.
  • Proven ability to design, implement, and maintain scalable systems.
  • Familiarity with protocols such as TCP/IP and messaging systems like Kafka, RabbitMQ, and Aeron.
  • Hands-on experience with Kubernetes and Docker.
  • 10+ years of experience in software engineering, with a focus on capital markets, trading workflows, and electronic trading systems.
  • Ability to write clean, efficient, and maintainable code in Scala.
  • Expertise in optimizing system performance for low latency and high throughput, especially in high-frequency trading environments.
  • Commitment to continuous improvement and high product quality.
Responsibilities
  • Innovate and develop protocols and features to meet both functional and non-functional requirements.
  • Ensure high-quality assurance standards for order routing, execution, market data, and trade reporting.
  • Enhance system performance for low latency and high throughput, crucial for high-frequency trading.
  • Work closely with cross-functional teams to drive projects and mentor junior engineers.

Trumid Financial LLC focuses on electronic trading of corporate bonds through its platform, Market Center 2.0, which allows traders to buy and sell bonds directly and anonymously. The platform primarily serves institutional clients, providing them with liquidity and a user-friendly trading experience. Trumid differentiates itself by addressing liquidity challenges in the market and generating revenue through transaction fees and a new data product offering market insights. The company's goal is to enhance market efficiency in corporate bond trading and lead in the digitization of this sector.

Company Stage

Series E

Total Funding

$603.3M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

5%

1 year growth

9%

2 year growth

20%
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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.