Struggle For Control Of FITEL Casts Pall Over Global Post-Trade Messaging System
THIS WEEK'S LEAD STORIES
Financial Telecommunications Inc., once considered the premier provider of automated trade confirmation and settlement services for international securities trading, has run into trouble. Not the esoteric kind of trouble you'd expect an automated global post-trade processing system to encounter, but the more mundane trouble associated with a struggle for corporate control.
Since last fall, FITEL has lost its two founders and top executives, Graciela Chichilnisky and Geoffrey Heal, as well as much
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