Radar Financial Pulls Plug; Search For Suitor Yields Nil
THIS WEEK'S LEAD STORIES
Radar Financial L.P., the joint venture between MAI PLC and Cable & Wireless PLC to create an order-matching system for the interbank foreign exchange market, has been terminated. Sources close to the project say a reversal of the parents' decision to close the operation pending a review has now been ruled out.
RADAR's demise comes amid Street talk that rival foreign exchange trading systems developers Telerate Systems Inc. and Quotron Systems Inc. are in discussions, possibly about some kind of
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