Radar Originator Asterisk Seeks Control Of System
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Asterisk Corp., which has emerged as the original developer of RADAR Financial L.P.'s order-matching system for foreign exchange trading, is vying to regain ownership of the system from MAI PLC and Cable & Wireless PLC. If it's successful, the RADAR system could stage a phoenix-like rise from the ashes, perhaps backed by new partners.
Asterisk comprises four entrepreneurs who originally devised the systems design and business plan for the now- defunct RADAR system. MAI and Cable & Wireless pulled
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