Venture Capitalist CTG Buys Troubled MTI Trading Systems In The UK
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LONDON--Venture capitalist Cairnsford Technology Group Holdings (CTG) acquired MTI Trading Systems (MTI/TS) on October 29 for an undisclosed sum from BDO-Stoy Hayward, which had been serving as administrator for the financially troubled company since last March (Dealing With Technology, April 7). CTG has renamed the company Opentrade Technologies.
MTI's CEO Michael Edison, who works out of New York, did not return calls seeking comment.
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However, CTG chairman Joel Jervis, stationed in
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