Amid Intense Industry Anticipation, Liquidnet Readies for Launch

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NEW YORK--A confident Seth Merrin describes the industry's anticipation of his peer-to-peer indication of liquidity system, Liquidnet, as "mind blowing." In little over a month, implementation of Liquidnet will begin on the desktops of traders at more than 100 institutions, with another 70 waiting to get connected in three months.

Liquidnet, a Napster-like desktop application developed with help from Talarian, rests alongside a trader's order management system, aggregating liquidity from its

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