Refco Trading Services faces staff exodus
Trading Technologies (TT) last week pushed back the date on
which it said it will stop providing Refco Group with trading
screens (see FO Week Vol 10 No 17). Previously
scheduled for 7 May, the ISV has postponed the switch-off date
to 15 July.
In a statement, TT claimed to have extended the deadline
because it, "does not? intend to cause a major burden to the
innocent TT/Refco end users.
"In this regard, TT is taking steps to protect these end
users from a major burden by giving them ample opportunity? to
either stay at Refco and use non-TT software or go to another
FCM and use TT software."
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