The joint venture was established by Bank of America, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, Royal Bank of Scotland and UBS in the dealer-to-client sector.
LiquidityHub says it is not a trading platform but “will facilitate distribution of liquidity for electronic trading and market data through financial intermediaries, electronic distribution channels and trading platforms”.
The investment banks set up TradeWeb as a liquidity venue before selling it.