I have worked on a protein that binds its ligand with a sub-nanomolar dissociation constant. By monitoring the quenching of the intrinsic tryptophan fluorescence, I could assay substrate binding at a protein concentration of ~10 nM and calculate an approximate Kd from that.
For a more reliable determination of the Kd, the protein concentration should be much lower (at least below the Kd). What kind of approach would you take? Could you share any thoughts about how it would be possible to measure even tighter interactions (e.g. picomolar/femtomolar dissociation constants)?
http://pubs.acs.org/doi/full/10.1021/bi100154r