Full-Time

Staff 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

Expert

Remote in USA

Category
FinTech Engineering
Software Engineering
Required Skills
TCP/IP
RabbitMQ
Kubernetes
Apache Kafka
Docker
Scala
Requirements
  • 10+ years of experience in software engineering, with a focus on capital markets, trading workflows, and electronic trading systems.
  • Proficiency in JVM-based languages (Scala preferred); ability to write clean and maintainable code.
  • 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.
  • Expertise in optimizing system performance for low latency and high throughput, especially in high-frequency trading environments.
  • Proven ability to collaborate across teams to deliver critical business functionality.
  • Commitment to continuous improvement and high product quality.
Responsibilities
  • Lead the design and development of scalable, reliable, and maintainable distributed systems to support critical trading workflows.
  • Own end-to-end delivery of critical initiatives, such as trading protocol expansions, workflow normalization, or performance optimizations.
  • Analyze and improve system performance, focusing on achieving sub-millisecond latency and high throughput for high-frequency trading.
  • Serve as a mentor to engineers of all levels, fostering a culture of technical excellence and collaboration.
  • Collaborate with product managers, business stakeholders, and other engineering teams to align technical deliverables with business priorities.
  • Drive the adoption of best practices in software development, testing, deployment, and monitoring.
  • Take ownership of services developed by the team, ensuring their reliability, availability, and scalability.

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's goal is to enhance market efficiency in corporate bond trading, as evidenced by its significant growth in user trading and market share.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$645.2M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Trumid's trading volume surged 62% in 2024, indicating strong market adoption.
  • The platform's user base grew by 51% in Q1 2024, boosting engagement.
  • Trumid's expansion into list-based trading protocols drives significant growth.

What critics are saying

  • Increased competition from MarketAxess and Tradeweb may erode Trumid's market share.
  • Potential regulatory changes in the U.S. and Europe could impact operations.
  • Reliance on transaction fees poses a risk if trading volumes decrease.

What makes Trumid unique

  • Trumid's Market Center 2.0 offers direct and anonymous corporate bond trading.
  • The platform's focus on liquidity addresses the 'liquidity parched' market challenge.
  • Trumid's new data product enhances trading experience with valuable market insights.

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Benefits

Remote Work Options

Health Insurance

Dental Insurance

Vision Insurance

Flexible Work Hours