All Entries in the "MF Global" Category
MF Global Singapore Resigns From SGX
Singapore Exchange (“SGX”) has accepted the resignation of MF Global Singapore Pte Limited (“MF Global”) as a Member of Singapore Exchange Derivatives Trading Limited (“SGX-DT”), Singapore Exchange Derivatives Clearing Limited (“SGX-DC”) and Singapore Exchange Securities Trading Limited (“SGX-ST”). This completes the administrative process that remained after all SGX derivatives positions of MF Global’s customers had [...]
SGX Completed the Transfer of Margins and Positions for Customers of MF Global Singapore
Singapore Exchange (SGX) has successfully completed the transfer of margins belonging to customers who hold accounts directly with MF Global Singapore Pte Limited (MFGS) to their alternative clearing members on 25 November 2011. These customers’ derivatives positions were transferred in early November 2011 to their alternative clearing members. All remaining customer margins have been returned [...]
SFC Issues Variation Notice on MF Global Hong Kong Limited
The Securities and Futures Commission (SFC) has issued a Variation Notice on MF Global Hong Kong Limited (MFGHK) which removes the deadline in relation to the close out or transfer of clients’ outstanding positions in the HKFE Clearing Corporation Limited (HKCC). Upon the making of the Order on 2 November 2011 by Mr Justice Harris [...]
MF Global Hong Kong Granted Extension to Resolve Client Positions
The Securities and Futures Commission (SFC) has given its consent to extend the deadline permitting MF Global Hong Kong Limited (MFGHK) to close out or transfer its clients’ outstanding positions in the HKFE Clearing Corporation to 18 November 2011. The extension is granted to facilitate an orderly resolution of the remaining futures and options positions [...]
SFC Gives Consent to MF Global Hong Kong Limited to Conduct Certain Activities
Upon the request of the Provisional Liquidators (Note 1) of MF Global Hong Kong Limited (MFGHK) under the Restriction Notice (Note 2), the Securities and Futures Commission (SFC) gave consent to MFGHK yesterday: * to enable it to close out or transfer such existing clients’ positions as are held on certain overseas exchanges through its [...]
SGX Suspends MF Global Singapore
Singapore Exchange Limited (“SGX”) has suspended the membership of MF Global Singapore Pte Limited (“MF Global”) on Singapore Exchange Securities Trading Limited, Singapore Exchange Derivatives Trading Limited and Singapore Exchange Derivatives Clearing Limited with immediate effect. MF Global has no outstanding proprietary positions and almost all their customers’ positions on SGX have been transferred to [...]
MAS Safeguarding the Interests of MF Global Clients
The Monetary Authority of Singapore (MAS) has been informed that there are about 1,000 contracts for differences (CFDs) accounts with MF Global Singapore (MFGS) which are active. MAS is working closely with the MFGS-appointed provisional liquidators from KPMG to safeguard investors’ interest. Given that US-based MF Global Holdings Ltd had filed for Chapter 11 bankruptcy [...]
ASX 24 Suspends 14 Trading Participants
On 1 November 2011 ASX was advised of the appointment of joint special administrators to MF Global UK Limited (Registered in England No. 1600658). As a consequence of the administrator’s appointment ASX Clear (Futures) declared that an event of Default had occurred under ASX Clear (Futures) Operating Rule 71.3 in respect of MF Global UK [...]
ASX 24 Closes Wool and Grain Futures Due to MF Global Exposure
Further to Notice 201/11 and 203/11, ASX understands that Participants and their clients will have many questions arising from the default of MF Global UK Limited as an ASX Clear (Futures) Participant and the implications for their positions and funds held with that entity. As MF Global UK Limited is in administration, the Special Administrator [...]
HKMEx Statement on MF Global
The Hong Kong Mercantile Exchange has suspended and restricted the trading of MF Global Hong Kong, and at the same time declared MF Global UK (a clearing member) to be a “defaulter”. Working with our appointed clearing house LCH Clearnet, HKMEx is following standard policy and procedures to facilitate an orderly transfer or closing out [...]
