RADAR Talks About Liability But Still No Launch Date
TECHNOLOGY
RADAR, the proposed foreign exchange order-matching system and dedicated communications network, is keeping quiet about its launch plans at a time when its main competitor, Reuters Holding PLC's Dealing 2000-2, is facing delays connected with establishing the legal liability for failed trades (see related article, this issue).
RADAR, an acronym for Real-time Anonymous Dealing And Reporting, is operated by RADAR Financial LP, whose principal owners are MAI PLC and Cable and Wireless PLC.
Peter
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