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A trading startup backed by George Soros and Peter Thiel just hit the reboot button

TruMid, the startup backed byventure capitalist Peter Thiel and investor George Soros, has revamped its trading platform as it seeks a new approach to electronic bond trading.

The firm rolled out its new system late last month and says it's already led to more activity than the first iteration.

"We were clear that there was room for improvement, and room to deliver an even better product," TruMid president Mike Sobel told Business Insider. "We think we've made the platform easy to use and highly intuitive, and based on the adoption levels and activity levels, we are encouraged that we were successful in that."

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