Pats raises capital

22 Aug 2005

ISV Patsystems has issued 10m additional shares at a price of 15 pence per share in response to what the firm called "institutional demand following recent interim results".

Earlier this month, Pats posted its first quarterly profit (see FO Week Vol 10 No 31). The share issue allowed Pats to offset some...

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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.