MF Global - News, Articles & Research

News

MF Global computers struggled to cope in final, chaotic days

The chaos of MF Global's final days, as it scrambled to meet funding needs, saw computer systems and staff struggling to keep up with the sheer volume of transactions, according to a report from the trustee overseeing the brokerage's liquidation.

08 February 2012

News

Patsystems receives takeover approach as MF Global fallout continues

Hit hard by the collapse of its largest customer, MF Global, troubled UK screen-dealing software house Patsystems has been approached about a takeover by ION Trading.

28 November 2011

News

MF Global collapse hits Patsystems

Shares in UK screen-dealing software house Patsystems fell over 10% yesterday on news of the collapse of MF Global, a major customer accounting for recurring revenue of around £3 million.

01 November 2011

News

FSA fines analyst for 'careless' instant message

A former investment analyst has been fined £50,000 for using Bloomberg Instant Messenger to send "misleading and inaccurate disclosures" about a listed company, affecting its share price.

17 January 2011

News

MF Global to exit US Futures Exchange

MF Global is to write off its 48% stake in ailing US Futures Exchange, spurring the mart to a last ditch effort to find a buyer for the business before the year end.

18 December 2008

News

David Hardy quits MF Global

David Hardy - the former head of LCH.Clearnet - has stepped down from his position of head of strategic market development at commodity broker MF Global.

02 May 2008

News

Rainbow in talks with LSE over EDX

Rainbow - the European exchange being set up by investment banks - has approached the London Stock Exchange about taking over the bourse's EDX derivatives business and making it the basis of its new trading platform.

25 March 2008

News

MF Global to review order entry systems after $141.5m rogue trading loss

Commodity broker MF Global has hired external risk consultants to review its order entry systems after a trader dealing in wheat futures was able to exceed his limit order and place unauthorised trades that will cost the firm $141.5 million in losses.

29 February 2008

News

Banks to launch European derivatives exchange

Following the establishment of the bank-backed European equities trading platform Turquoise, a group of seven global investment banks are now gearing up to a launch a pan-European financial derivatives exchange - dubbed Project Rainbow - that will compete with the region's established markets, including Liffe and Eurex.

06 February 2008