Liquidnet Melds Dark Pool With Bonds Through Vega-Chi Purchase

Liquidnet Holdings Inc., which runs a private stock market that opened in 2001, is expanding into corporate bonds by purchasing London-based Vega-Chi Ltd.

Terms of the deal weren’t disclosed by New York-based Liquidnet. If approved by regulators, the union would join its dark pool spanning five continents with a fixed-income platform created by former Goldman Sachs Group Inc. trader Constantinos Antoniades. Vega-Chi customers can trade European convertible and high-yield debt as well as junk bonds in the U.S.