“We have had quite a successful pilot and we’re now live for euro interest rate swaps,” said the firm’s London-based chief executive Robert MacLeod. The launch follows the completion of a trial run involving a limited number of clients. MacLeod would not comment on the number of users trading on the system, or the volume of trades completed. But as the venture is only meant to cater for institutional clients, the number of users it hopes to eventually attract is below 1,000.
LiquidityHub also plans to aggregate the liquidity of its member dealers in dollar interest rate swaps and US Treasury bonds before the end of 2007. European government bonds are expected to be added during 2008.