Radar Financial Project Suspended Pending Review
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Radar Financial L.P.'s effort to develop an order-matching system for the foreign exchange market has been suspended pending a review by the joint venture's owners, MAI PLC and Cable & Wireless PLC. At the same time, sources close to RADAR say the partners are in talks with Telerate Systems Inc., developer of The Trading Service (TTS), about a possible order-matching joint venture.
Mark Wood, chief executive of RADAR Financial, couldn't be reached for comment. But an official at RADAR's New York
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