LiquidityHub, a consortium of investment banks in the fixed income markets for the aggregation of liquidity and market data in support of electronic trading, last week announced it has selected BT to provide connectivity and hosting services.
LiquidityHub's high-volume messaging system of fixed income dealer prices and transaction data will be hosted in a BT data centre in London and available via the Radianz shared market infrastructure.
Dealers' clients will benefit from the speed and access to data flow driven out of investment banks, says LiquidityHub. Distribution to end-users will be via two market data providers, Bloomberg and Reuters. By offering a fully managed hosted environment, BT will enable LiquidityHub to provide the industry with a new pool of liquidity in the fixed income market.
"We are committed to providing the fixed income market with a multi-dealer electronic trading solution that allows access to deeper liquidity," says Robert MacLeod, CEO, LiquidityHub. "BT's track record in providing low latency connectivity to the trading community made them a natural choice to partner with. This latest announcement will help us to offer the real time pricing that will give LiquidityHub end users the competitive advantage to maximise market dynamics and offer enhanced trading performance," he adds.
"As in other asset classes, fixed income is increasingly moving towards automation," comments Chris Church, managing director, Radianz services, BT global financial services. "LiquidityHub marks a new paradigm in the fixed income market. We are excited to be a part of this industry change being driven by a consortium of investment banks. This is a clear example of how BT is able to offer our clients flexibility and high performance to accommodate future growth and market need," he continues.