Hantec U-turns on Refco deal

The two firms said they could not agree on terms and conditions for the deal. An official at Refco in Hong Kong hinted this related specifically to the financial terms.

The two firms signed the memorandum of understanding on September 20 but it was subject to a definitive agreement and other approvals, the companies said at that time. It could have enabled Hantec to license RefcoFXTrader to offer it to its Asian client base.

In addition to the RefcoFXTrader system, Hantec would also have con

To continue reading...