LiquidityHub, the bond and swap trading platform backed by 15 of the largest dealer banks, has announced that it plans to open for business in July. The project, driven by an industry-wide push for for greater automation and liquidity (cf the the "dark liquidity" pools currently under construction in the equity world), will be offering price aggregation services for US and Euro Government bonds and similarly denominated interest rate swaps. Yesterday it was also announced that both Bloomberg and Reuters (or perhaps I should say Thomson-Reuters) had also been signed up as distribution partners so that their users may trade through LiquidityHub with live executable prices.
Clearly the whole initiative has been undertaken to challenge the likes of Tradeweb and Market Axess whose dealer-to-client services have been growing exponentially over the last few years, so only time will tell how well they proceed...