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But LiquidityHub shuts down
A mere nine months since launch, LiquidityHub, a multi-dealer platform, has ceased operations. Being less a trading platform than a sophisticated messaging system, LiquidityHub was a dealer-led response to shift interest rate derivatives from voice to electronic trading. It was backed by 16 banks, and was aspiring to move into government bonds after interest rate swaps. In a statement, LiquidityHub said that the decision came because of “recent market conditions, which have called into question the current scalability of the LiquidityHub model”.
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Despite the liquidity crunch, electronic trading of fixed-income securities has held up, relatively, in recent months say traders.
