Adventures in Wonderland
Bankrupt financial services group Refco has failed to sell its foreign exchange brokerage, and its securities broking arm has been ordered to pay $122 million compensation to a Russian customer.
Barclays Capital has bolstered its plastics business with the appointment of David Paul as director of commodity sales in London. Paul joins from the New York based brokerage firm Refco, where he was global head of plastics futures trading.
A federal judge approved Man Group's purchase of the broking business of the bankrupt Refco financial services group yesterday for $282 million in cash, plus debts. Meanwhile, Refco's former chief executive Phillip Bennett was indicted for eight counts...
Refco is preparing to sell off its futures brokerage to an investor group led by JC Flowers, as it files for bankruptcy protection.
The controversy surrounding Refco has not hindered operations at its futures commission merchant (FCM) subsidiary, according to derivatives exchanges.
Phillip Bennett, until last week chairman and chief executive of brokerage firm Refco, has been charged with fraud after Refco accountants discovered debts of $430 million.
New York-based financial services group Refco has agreed to buy Cargill Investor Services (CIS) from its parent, agricultural group Cargill, for up to $400 million.
The European arm of New York-based financial services firm Refco has hired two brokers to form an over-the-counter (OTC) energy derivatives team. Glen Ward and Andrew Riddell join Refco Overseas in London from US broker Amerex’s London office.
Boston-based private equity group Thomas H Lee Partners (THL) will acquire a majority stake in Refco, a New York-based financial services firm involved in derivatives execution and clearing, as well as a provider of prime brokerage services for fixed...
Ten financial institutions in Singapore have signed up to SD-FX, the FX options pricing system of UK-based technology company SuperDerivatives.
US futures broker Refco has bought Korean futures broker HanMag Futures. It said it will retain all the South Korean firms's existing staff and plans to expand further during 2004.
Refco Capital Markets has selected JP Morgan Chase as its provider of continuous-linked settlement (CLS) services.
Danish investment bank Saxo Bank has added futures coverage to SaxoTrader, its online trading platform, as part of a partnership with Refco Overseas, the European arm of New York-based Refco Group.
US futures broker Refco is launching an alternative investments division to sell structured products that incorporate hedge funds, futures, currency and various other derivatives.
Refco F/X Associates, part of Refco Group, has taken its foreign exchange prime brokerage service online in a bid to improve efficiency, a senior official at the broker in Chicago told RiskNews' sister publication FX Week .
Futures commission merchant Refco has named Farooq Muzammal as its new head of foreign exchange in London.
Two futures commission merchants, Carr Futures and Refco Group, will provide US-based customers with direct, electronic access to Sydney Futures Exchange (SFE) listed derivatives.
Refco, the world's largest non-bank futures commission merchant, has signed up TradeTrac for its foreign exchange activities. TradeTrac provides front-, middle- and back-office risk management services, and was developed by risk technology firms Pennsylvania-based...