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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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From: TFF11/15/2004 3:23:50 PM
   of 12617
 
Troubled EasyScreen ready for takeover talks

By Stephen Foley
15 November 2004

Easyscreen, the derivatives trading software company which went to the brink of bankruptcy in September, is ready to make management changes and enter takeover talks that could boost the company's beleaguered share price.

Royalblue, the share trading software company that is looking to expand into derivatives, is considering making an approach, with initial contact coming as early as this week, according to those who know EasyScreen well.

It is also believed that Philip Docker, the former London International Financial Futures Exchange trader who founded EasyScreen in 1998, is ready to split the roles of chairman and chief executive to placate investors. They have watched as the company repeatedly missed its financial targets and was forced to admit it would run out of money at the end of September. In the end, it raised £3.5m in a placing announced on 28 September.

Since then, Easyscreen has announced a big new customer in the shape of Man Financial, a division of the FTSE 100 hedge fund manager Man Group.
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