Liquidnet set to sign tie-up with Asian exchange

Rather than competing head-to-head with traditional exchanges, alternative trading venue Liquidnet is seeking to leverage bourses' client bases more actively. The institutional buy-side platform has signed a letter of intent to share liquidity with an Asian exchange, and CEO Seth Merrin expects the deal to be finalised next year. He would not name the entity, but says Liquidnet is talking to the largest bourses in the region. Market participants suggest that the Singapore Exchan…