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  • zueseschariott zueseschariott Apr 29, 2012 8:46 PM Flag

    CME Failure of Leadership

    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/ae03831e-8f21-11e1-ab32-00144feab49a.html#ixzz1tTpk4zUj

    MF Global leaves industry scarred
    By Hal Weitzman in Chicago
    Exactly six months after MF Global filed for bankruptcy, former customers of the failed futures brokerage are still waiting to find out how much of an estimated $1.6bn in missing funds will be returned to them.
    The lack of information about exactly what occurred at the collapsed futures brokerage has caused a sense of frustration across the industry. It has shattered confidence and kept many of the traders affected away from the markets, particularly among the roughly 36,000 former customers of MF Global who remain out of pocket, their funds frozen by the bankruptcy court.

 
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