Deutsche Börse enters into investment and partnership with Trumid

Deutsche Börse Group has entered into a strategic cooperation with Trumid,
a financial technology company that provides an electronic trading network
for corporate bonds. The Group will invest ten million US dollar for a minority
stake as an add-on to Trumid’s previously disclosed 28 million US dollar
financing from earlier this year. Trumid will use the new funding to
continue enhancing and expanding its technology offering. Both firms will work
together to develop products and services for the European market.

“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,” said Hauke Stars, Deutsche Börse
Executive Board member and head of cash markets among other responsibilities.

Deutsche Börse’s investment will be managed by its corporate venture
capital arm, DB1 Ventures. “With our latest investment we broaden our portfolio
with a pioneer in bond trading with specific buy-side focus. We are pleased to
partner with a top-quality team and platform with client traction and a strong
vision,” said Ankur Kamalia, MD & Head of Venture Portfolio Management and DB1
Ventures, Deutsche Börse.

Trumid, headquartered in New York, is a financial technology company that
offers an electronic credit-trading platform, which enables buy-side and
sell-side market participants to transact directly and anonymously with one
another. The platform allows market participants to collectively determine
pricing in a transparent way and to execute the transaction at the
market-vetted price.

“We are excited to combine Trumid’s innovative technology, deep corporate
bond expertise and broad client network with Deutsche Börse’s strong brand,
infrastructure, client relationships and European significance,” said Mike
Sobel, President of Trumid. “Europe is a big opportunity. Through this
partnership we will continue to deliver valuable solutions for our clients,
now on a broader scale.”