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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IDCG which was RZR's big hope for some serious revenue has just...
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