“We are convinced that bond trading is on the verge of a dramatic shift towards electronic trading, which will drive greater liquidity and efficiency for buy-side and sell-side traders,” Flynn said.

https://www.bloomberg.com/news/articles/2020-08-11/tpg-t-rowe-value-trumid-above-1-billion-in-latest-fundraise?sref=dAQZajoP