LiquidityHub stops trading

LiquidityHub, an aggregator of liquidity and market data designed to support electronic trading in the fixed-income market, has closed down only five months after it was launched.
By None

LiquidityHub, an aggregator of liquidity and market data designed to support electronic trading in the fixed-income market, has closed down only five months after it was launched.

The company said in a statement that it had taken the decision due to recent market conditions, which have “called into question the current scalability of the LiquidityHub model.” It added that it is evaluating strategic options for its future.

The venture, which started operating on 22 November 2007, is owned by a consortium of 16 banks. These are: ABN AMRO, Bank of America, Barclays Capital, BNP Paribas, Calyon, Citi, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBS, Société Générale Corporate & Investment Banking, and UBS.

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