I wouldn't be so sure about that."Pipelines forming"..We have...

I wouldn't be so sure about that.
"Pipelines forming"..
We have heard this in every financial report razor have made since as long as I can remember.
facts are 2010 profit was 1.6 mill and 18 mill revenue.That 18 mill was 20% less than the previous year.It was also stated in last years financial that increased demand was expected for year 2011. That obviously did not happen with only 10 million revenue.
We are getting beaten for tenders by other firms such as calypso(Sgx and TSE) and Murex (lch clearnet)who can provide the full range of clearing services as opposed to razor which is confined to the aspect of risk management.Having a complete package is a big advantage for new central clearing start ups and puts razor at a disadvantage.
The Hong kong exchange might be the next to announce it's central clearing strategy for OTC derivatives.
Let's hope razor can score a deal here.