Liquidnet Acquires Vega-Chi Bond-Trading Platform

Seth Merrin, founder and CEO of Liquidnet

Subject to approval from US and European authorities, the 100-percent acquisition of Vega-Chi means Liquidnet can offer its 750 clients a pool of liquidity dedicated to the electronic trading of corporate bonds.

The two entities will operate separately until they receive regulatory approval, after which Liquidnet will combine the London-based fixed-income platform created by former Goldman Sachs trader and Vega-Chi CEO Constantinos Antoniades with its institutional network.

The platform is curre