MF Global plunges amid liquidity fears
MF Global, the world's largest broker of exchange-listed futures and options, sought to reassure investors that it had sufficient funds despite seeing its share price fall by 78% following a spate of rumours to the contrary.
The brokerage also deals in energy futures, working with integrated oil companies, refiners, and oil trading companies, as well as commodity trading advisors and fund managers, serving global companies and also boutique firms and individual investors.
The firm is one of the largest in terms of execution and clearing volume on both the New York Mercantile Exchange (Nymex) and IntercontinentalExchange. Both exchanges today were forced to issue statements confirming the brokerage remained in good
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