RADAR's FX Order-Matching System On Hold Now In Talks With Telerate, Staff Sent Packing?
TECHNOLOGY
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 now in talks with Telerate Systems Inc., developer of The Trading Service (TTS), about a possible joint venture.
Mark Wood, chief executive of RADAR Financial, couldn't be reached for comment. But an official at RADAR's New York offices
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