Pats breaks even in Q3

27 Oct 2003

Trading software firm Patsystems' has reached quarterly break-even for the first time. The ISV reported a record quarterly revenue of £2.6m, a 30% increase from the comparable period in 2002. Operational costs were cut by 24%, from £3.4m to £2.6m.

Earlier this month Pats...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.