Original Developers Seek To Reaquire RADAR Move Could Resurrect Order Matching System

- By FX Markets Staff
- @FXMarkets_
- 07 Jun 1991

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Asterisk Corp., which has emerged as the original developer of RADAR Financial L.P.'s order-matching system for foreign exchange trading, is vying to regain ownership of the system from MAI PLC and Cable & Wireless PLC. If it's successful, the RADAR system could stage a phoenix-like rise from the ashes, perhaps backed by new partners.

Asterisk comprises four entrepreneurs who originally devised the design and business plan for the now-defunct RADAR system. MAI and Cable & Wireless pulled the plug

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