The financial market crisis has claimed another victim after LiquidityHub, a bank-backed pricing aggregator for fixed-income transactions that launched just five months ago, ceased trading today.

LiquidityHub, which was formed in July 2006 and launched in October last year, has taken just a third of that time to fall victim to the market turmoil. It said in a statement that it will cease its trading operations at the close of business today in the wake of “recent market conditions which have called into question the current scalability of the LiquidityHub model”.