I agree that this is very disappointing. At this time, when clearing parties are springing up everywhere, its sad RZR hasn't scored a license sale in 18 mths despite the concentrated effort by them to do so. I had hoped it was the Singapore deal or perhaps the new clearing exchange being set up by NYSE in Europe. The company is well managed and it's great they are continuing to make profit and bank that profit. They seem to be relying on LCH and RBC heavily at the moment. IDCG is still a even money bet.They are having setbacks with the technology platform they are using to connect their clients to their structure.BNY Mellon was always going to use IDCG once it became a part owner, Hopefully they can sort it and start real swaps and RZR benefits from that. Who know's where to from here for RZR? Another 12 months without a license sale will deflate any confidence I had about RZR.
RZR Price at posting:
2.5¢ Sentiment: None Disclosure: Held
