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Liquidnet Snatches Miletus

Traders Magazine, February 2007

Nina Mehta

Institutional broker Liquidnet last month announced its first-ever acquisition when it said it would buy Miletus Trading, an agency broker and quantitative algorithmic trading boutique with a suite of sophisticated single-stock and portfolio algorithms. Market participants say the acquisition could ease Liquidnet's path into the program trading business. It could also make the current process of negotiating for blocks one at a time more efficient in the context of managing a portfolio. …

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