RZR 0.00% 3.4¢ razor risk technologies limited

things not going to plan

  1. 505 Posts.
    IDCG which was RZR's big hope for some serious revenue has just announced the departure of its CEO Chris Edmonds and named its CFO who seems to be either a kiwi or aussie Garry O'Cconnor to replace him.
    IDCG still has cleared very few interest rate swaps so far and has only signed up one Futures Clearing Merchant: MF Global.

    We need a critical mass of members for clearing and having one FCM is not enough in order to achieve commercial success, said Mr OConnor. We need several more FCMs.

    http://www.ft.com/cms/s/0/b02852c0-faed-11de-94d8-00144feab49a.html

    Still no new sales announced for RZR although they seem to have been active in searching for new employees in Toronto and India.
    Be nice to have a update and outlook for 1st half of the year.
 
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