Patsystems Launches Platform Overhaul, Seeks New Direction

VENDOR UPDATE

LONDON—UK-based derivatives trading software vendor Patsystems is re-engineering its software platform as part of a three-year recovery strategy that will involve a dramatic but as yet undisclosed shift in direction, company officials say.

The project follows the lows of earlier this year when the firm was shaken by a group of disgruntled investors and former managers trying to oust the current management (TTW, April 1). Director and former interim CEO David Jones hopes that the

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The Waters Cooler: ’Tis the Season!

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