Ramsden’s PETS Still Under Wraps
FRONT PAGE: SPECIAL REPORT
LONDON--As TTW went to press last week, the creation of an electronic platform for private equity trading, dubbed PETS by the controversial former city warrants trader Terry Ramsden, was partially shrouded in mystery, ahead of a meeting next month to decide its future.
A meeting has been scheduled for the start of February between PETS officials and its Swiss clearing partner, the Geneva-based Société Bancaire Privée (SBP), which is providing automated, real-time clearing services for the
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