Linklaters advised Trumid, a financial technology company on its joint venture with the Singapore Exchange (SGX) and Hillhouse. The Singapore-based joint venture company, XinTru, is a strategic partnership for SGX, Trumid and Hillhouse. This joint venture combines Trumid’s cutting-edge technology and fixed income expertise, SGX’s deep experience in Asian financial market infrastructure and electronic trading, and Hillhouse’s expertise and network in Asia and the financial services sector.

XinTru will launch and operate Trumid XT, an electronic bond trading platform powered by advanced technology and rich analytics. Trumid XT will connect the commercial footprint and liquidity from SGX’s Bond Pro and Trumid’s Market Center in the United States to provide a robust network for trading of Asian fixed income.

The transaction was led by Linklaters corporate partners Niranjan Arasaratnam, Peiying Chua, Sumit Indwar, Chin-Chong Liew, Adrian Fisher with support from managing associate, Gary Beh.

Corporate and technology partner, Niranjan Arasaratnam, commented:

“Linklaters has worked on the development of some of the most complex and important transactions in the corporate/M&A space in the region. We are honoured to have the opportunity to support Trumid on this strategic joint venture with the Singapore Exchange and Hillhouse. The Asia bond trading market will no doubt benefit from this partnership through increased efficiency in their trades.”