Opalesque Industry Update - Effective immediately, and until further notice, CME's Emergency Financial Committee, in accordance with rule 975, is limiting all trading for customers of MF Global for liquidation only. |
In addition, and until further notice, CME Group will no longer recognize MF Global or any of its divisions as a guarantor for purposes of floor trading privileges. Accordingly, floor brokers and traders guaranteed by MF Global or its divisions may not access the trading floor. The foregoing actions have been taken based on circumstances regarding the financial condition of MF Global.
CME Clearing will process any transfers at the last settlement price at the request of customers. Such positions will need to be re-margined at transferee firm. Customers wishing to execute a liquidating trade should contact MF Global.Source