Trumid Holdings, LLC

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Tradeweb to acquire electronic credit trading platform Trumid

Acquisition target of Tradeweb

Tradeweb Markets, the electronic trading platform that handles more than $3 trillion in average daily volume, agreed to buy Trumid, a rival fixed-income trading marketplace, for about $1.97 billion. It's the largest acquisition in Tradeweb's history, announced October 19 and detailed in an October 29 securities filing.

Updated 2 hours ago