Project Rainbow’s future has come under increased scrutiny after the exit of one of its most influential and senior figures and further pessimism over its ability to secure a clearer.
David Hardy’s sudden departure from both MF Global and Rainbow could strike a blow to the Project’s future direction, some have said, despite insistence from other quarters to the contrary. More pressing however is the start-up exchange’s continued lack of a clearer.
Rainbow, which is looking to launch a rival...