Velocity in administration
TECHNOLOGY NEWS
SYDNEY -- Directors of Velocity Systems International, an Australian-based FX trading systems vendor, placed it into voluntary administration on Tuesday, April 23, FX Week sister publication Trading Technology Week has learned. The object of the administration is to restructure the company and offer parts or all of it for sale.
"The directors want to emerge from the restructure either having found a suitable buyer or preferably to emerge as a cash-positive company able to carry on with our basic
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