City & Corporate: Ramsden plans PR drive for PTM

Entrepreneur and convicted fraudster Terry Ramsden is preparing a PR push for the launch of his new securities trading system.

Private Treaty Market claims traders using its market will get their cash immediately as the firm matches their purchases and sales against registrations with a third party. Stock market trades made on conventional electronic markets, such as the London Stock exchange's Stock Exchange Automated Quotations system, can take days to be paid as they are dealt with by clearing and settlement systems.

Holborn PR has been handling media relations around the build up to the launch of PTM, which plans to open fully to outside participants in a regulated environment this autumn.

The firm is currently based in Switzerland where it has already signed up two clients: Canadian mutual fund Monarch Delaney Mutual and Swiss bank Societe Bancaire Privee.

Holborn CEO David Bick reports to PTM chief Ramsden, who founded Glen International in 1985 and made his name as one of the originators of the Japanese covered warrant.

Ramsden was jailed for hiding £300,000 from creditors after the 1987 Japanese stock market collapse. He is appealing the conviction and preliminary hearings are set to take place next month.

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