MF Global
MF Global expands fixed-income team
New York-based derivatives broker MF Global has boosted its fixed-income teams in the US and Europe with several new hires, hoping to benefit from the increase of debt issuance in global markets.
MF Global appoints new chief operating officer
Karel Harbour has been promoted to chief operating officer for New York-based derivatives broker MF Global.
MF Global head steps down after Lehman losses
Kevin Davis, chief executive of US broker MF Global, has resigned as the company prepares to report unexpectedly high losses from the collapse of Lehman Brothers last month.
MF Global names COO for North America
Bernard Dan has joined interdealer broker MF Global as chief operating officer of the company’s North American business.
MF Global reveals new safeguards
After losing $141.5 million to a single rogue trader, New York commodities broker MF Global has revealed the new internal controls intended to stop it happening again.
Troubled broker names new CFO
MF Global, the interdealer broker that lost $141.5 million in a rogue trading incident earlier this year, has named Randy MacDonald as its new chief financial officer (CFO).
Bushel-whacked
Wheat
MF Global sacrificed risk protection for speed, CEO says
MF Global, which announced $141.5 million losses from a single rogue trade earlier this week, had deliberately disabled controls on its US internal trading terminals to speed up processing of voice orders, chief executive Kevin Davis admitted yesterday.
Rogue trade loses MF Global $141.5 million
Interdealer broker MF Global has lost $141.5 million after it was forced to cover trading losses made by one of its employees.
Man Group to sell off brokerage business
London-based hedge fund and broker Man Group plans to sell its brokerage arm, Man Financial, later this year.