Energy players assess MF Global fallout
MF Global’s bankruptcy is unlikely to significantly impact commodity markets, participants say, but could affect the Dodd-Frank rule-making process
Commodity trading companies that held accounts with MF Global have been forced to move their business elsewhere this week, after the broker-dealer announced on October 31 it had filed a petition under Chapter 11 of the US Bankruptcy Code.
MF Global estimated its creditors number 25,000 to 50,000 in the filing. The two biggest unsecured creditors, JP Morgan and Deutsche Bank, are owed $1.2 billion and $1.02 billion respectively. Other amounts owed to the top 50 creditors range from $10,000 to $3
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