Robert MacLeod has been made chief executive of London-based LiquidityHub, a venture that aims to electronically pool the fixed income liquidity of 11 investment banks.MacLeod, who was formerly head of fixed income strategic investments at Morgan Stanley, has served on LiquidityHub’s executive since June. In his new role, he will be based in London and report directly to the board.
LiquidityHub was formed in July, after banks’ negotiations with Bloomberg for a similar idea broke down. The New York-based data provider had intended to spin off its SwapTrader platform and give banks equity in a trading system combining their liquidity.
LiquidityHub said it does not intend to become a trading platform itself, but will distribute its liquidity in interest rate swaps and US government bonds elsewhere. It is currently in “active dialogue” with electronic execution platforms and market data distributors, and anticipates a launch in mid-2007.
More on People
New office will use data-driven tools to assist the US regulator
Bank remains committed to agricultural commodities business
Four new members for Finra board as existing members stand down
Job changes in the derivatives, regulation and risk industry throughout Asia
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.