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.
Icap, the world's leading interdealer broker, announces that it has appointed Gary Pettit to the new position of Global Head of Financial Futures and Options.
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.
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.
MF Global Holdings Ltd., a broker-dealer providing trading and hedging solutions, today announced that it has acquired Strategy Runner Trading Ltd., a multi-asset front-end trading system and algorithmic trading solutions provider that enables professional traders and retail investors the ability to access, automate, distribute and implement trading strategies. The firm paid $3.75 million for the acquisition.
TAG, a pioneering provider of independent execution quality and transaction cost analysis metrics for the buyside and sellside, today announced it has appointed Walter Ferstand, a veteran compliance and regulatory expert, as senior vice president of its Compliance and Regulatory Consulting Services.
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.
Green Exchange ("GreenX") today announced the addition of six new Clearing Member firms who will provide clearing services for the Exchange's international customer base.
MF Global Holdings Ltd. (NYSE: MF), a leading broker offering customized solutions in global cash, derivatives and related markets, today announced that Bradley Abelow has been named global chief operating officer, effective immediately.
Fidessa group (LSE:FDSA), provider of the award winning trading, portfolio management, compliance and global connectivity solutions for the buy-side and sell-side, today announced that the Tokyo branch of MF Global FXA Securities Ltd, a leader in global derivatives trading, has successfully gone live with Fidessa's Japanese trading platform for its newly established Japanese equities business.
© Finextra Research 2013