Measurisk, a US-based risk technology provider to the buy side, is scrambling to secure cheaper new contracts from its data vendors in a last-ditch effort to remain a viable business concern. If it can’t convince these vendors to lower their prices within the next two weeks, the company is set to enter receivership.
Measurisk was set up in January 1999 with backing from Morgan Stanley, Bank of Bermuda, insurer XL Capital and US commission broker Miller Tabac among others, and aimed to offer
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