SGX, Trumid and Hillhouse Capital formed XinTru.

Singapore Exchange, Trumid, a financial technology company, and Hillhouse Capital, an investment firm, formed XinTru, a company operating an electronic bond trading platform. Financial terms were not disclosed. “Our upcoming platform, Trumid XT, is the missing link between Asian and US markets and will connect their respective liquidity pools in a transparent and efficient manner. Offering solutions that support the existing dealer-to-client market structure as well as investor-to-investor, Trumid XT will create network effects that can unlock significant opportunities in Asian bond trading markets for our clients," Loh Boon Chye, SGX Chief Executive Officer.