The company, which is backed by venture capitalist Peter Thiel and investor George Soros, allows market participants to collectively determine pricing and to execute the transaction at the market-vetted price. Approximately $1 billion in bonds were crossed over the platform in June. Deutsche Börse's investment comes on top of Trumid's previously disclosed $28 million financing from earlier this year. The two companies says they will work together to develop products and services for the European market. Hauke Stars, Deutsche Börse executive board member and head of cash markets, says: “Trumid has already proven its ability to create a new transparent, electronic and efficient credit and bond market place in the U.S. With our investment we will gain new insight into this rapidly evolving market; and therefore we will find further ways to collaborate."

https://www.finextra.com/newsarticle/30810/deutsche-brse-makes-10-million-investment-in-trumid