LONDON, October 22 /PRNewswire/ --     LiquidityHub Limited, a consortium of leading banks aggregating liquidity
and market data in support of electronic trading in the fixed income markets,
is today pleased to announce the launch of its Euro interest rate swaps
service.

Serving the dealer to client market, LiquidityHub's initial offering will
focus on the key vanilla Euro IRS products. The next phase, expected later
this quarter, will see the introduction of vanilla USD IRS and US Treasuries.
LiquidityHub facilitates unprecedented access between dealers and their
clients creating a new multi-dealer environment distributed by Reuters and
Bloomberg.

LiquidityHub acts as an aggregator for streaming prices for participating
banks throughout the fixed income community. 12 of the 16 members are already
fully operational participants from today's commencement of the service.

Robert MacLeod, CEO of LiquidityHub said, "LiquidityHub will play a
crucial role in making e-trading a reality in the fixed income market. For
more than a year, the world's leading banks in fixed income have been working
together to create a step change in the way interest rate swaps and
government bonds are traded. We believe we have a compelling proposition that
will deliver tangible benefits to the market, offering enhanced pools of
liquidity via aggregation of some of the market's leading players and
industry leading technology such as the Request for Stream protocol (RFS).

"The impetus for banks to deliver their product offering to clients
online is increasing. While other financial markets and asset classes have
moved towards an electronic environment, the interest rate swaps market has
remained underdeveloped. The market conditions are now right for this market
evolution to take place."

Initially, interest rate swaps and US Treasuries will be available over
LiquidityHub, followed by the introduction of European government bonds
during 2008.

About LiquidityHub

LiquidityHub was established in 2006 by leading banks in fixed
income for the aggregation of liquidity and market data in support of
electronic trading. The banks that own LiquidityHub are ABN AMRO, Bank of
America, Barclays Capital, BNP Paribas, Calyon, Citigroup, Deutsche Bank,
Goldman Sachs, HSBC, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Morgan
Stanley, The Royal Bank of Scotland, Société Générale Corporate & Investment
Banking, and UBS. LiquidityHub aggregates liquidity from participating banks
using fair trading standards and protocols. LiquidityHub facilitates
distribution of liquidity for electronic trading and market data through
electronic distribution channels but is not itself a trading platform.
LiquidityHub also supports efficient electronic post-trade processes.
LiquidityHub is authorised and regulated by the Financial Services Authority.

For further information, please contact:

    Caroline Parker
    Financial Dynamics
    Telephone: +44-(0)207-269-7295
    E-Mail: Caroline.Parker@fd.com