LiquidityHub, a company backed by a group of banks aggregating liquidity and market data in support of electronic trading in the fixed income markets, has announced the launch of its US dollar interest rate swaps offering.
The introduction of USD IRS, initially vanilla, marks the latest phase of LiquidityHub’s roll out, following its EUR IRS launch last month in which 12 dealers participated. These products are integral to LiquidityHub’s mission to facilitate best execution, aggregation and multi-distribution across the fixed income markets, with US Treasuries expected to be added before the end of the year and European government bonds during 2008.
Robert MacLeod, CEO of LiquidityHub said: US dollar interest rates represent the latest step in LiquidityHub’s evolution of the fixed income markets towards e-trading. Our offering enables our expanding community to leverage industry-leading market data and pricing information to offer enhanced liquidity.