TS Imagine has expanded its integration with fixed income trading platform Trumid, giving clients access to a broader range of automated trading workflows, including Trumid’s RFQ automation capabilities and Full Self Trading execution technology.
The enhanced integration extends TS Imagine’s connectivity beyond its original partnership with Trumid, enabling institutional clients to access electronic trading protocols including request-for-quote workflows, portfolio trading and automated execution across multiple liquidity pools through a single workflow.
The move reflects continued growth in electronic fixed income trading as buy-side firms increasingly automate bond trading workflows to improve execution efficiency and access fragmented liquidity.
Expanded Access to Trumid’s Trading Protocols
Under the expanded integration, TS Imagine clients gain access to Trumid’s RFQ network, including automated workflows through RFQ Auto-Submit powered by Trumid AutoPilot for RFQ, alongside API-driven execution capabilities.
The integration also supports headless RFQ responder and initiator workflows, as well as voice inquiry functionality designed to automate parts of the fixed income trading process while maintaining flexibility across execution methods.
Another addition is Trumid Full Self Trading, or FST, the platform’s automated cross-protocol execution capability that connects liquidity opportunities across Trumid RFQ and Swarms. Trumid said support for its Attributed Trading dealer streams is expected to be added during the second half of 2026.
TS Imagine first integrated with Trumid in 2020, including support for Trumid’s Fair Value Model Price predictive pricing model for corporate bonds.
“Our expanded relationship with Trumid is an important step for TS Imagine clients seeking greater access to liquidity and workflow automation,” said Alexis Sainte Marie, Fixed Income Product at TS Imagine. “We’ve particularly seen significant growth in areas like portfolio trading and RFQ and will continue to work closely with the Trumid team to enhance trading opportunities for our customers.”
Automation Continues to Reshape Bond Trading
The latest integration reflects broader changes across fixed income markets, where electronic trading protocols have steadily gained market share from traditional voice-based execution.
Request-for-quote workflows have become an increasingly important mechanism for institutional bond trading, while portfolio trading has grown rapidly as asset managers seek to execute baskets of securities more efficiently and reduce transaction costs.
By combining automated RFQ functionality with cross-protocol execution, TS Imagine clients can access multiple sources of liquidity while reducing manual intervention during the trading process.
Strong Growth in Trumid Trading Activity
The expansion follows continued growth across Trumid’s electronic trading platform during the second quarter of 2026.
According to the company, average daily volume on Trumid RFQ increased 122% year over year, while automated trade volumes executed through Trumid AutoPilot for RFQ more than doubled over the same period.
Portfolio Trading activity also continued to expand, with Trumid reporting approximately 40% year-over-year growth in PT volume. The protocol recorded its highest quarterly average daily volume to date alongside record buy-side participation and the largest number of trading lists executed on the platform.
“Our mutual clients continue to benefit from the integration with TS Imagine, particularly as adoption of Trumid’s list-based workflows continues to accelerate,” said Jason Quinn, Chief Product Officer and Global Head of Sales at Trumid. “As clients increasingly engage across multiple Trumid trading protocols, we see additional opportunities to expand our relationship and deliver even greater value for our mutual clients.”
Competition in Electronic Fixed Income Trading
Technology providers serving institutional fixed income markets continue to expand connectivity between order management systems, execution management platforms and electronic trading venues as demand grows for workflow automation.
For TS Imagine, the deeper integration strengthens its fixed income offering by giving clients broader access to Trumid’s electronic trading ecosystem without requiring separate workflows. For Trumid, the partnership extends the reach of its automated trading protocols to a wider institutional client base as competition intensifies among electronic bond trading platforms.
