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MF going down the drain

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  • MF going down the drain

    First clearinghouse to go?

    Now trading at $4.68

  • #2
    Re: MF going down the drain

    More on this from Telegraph:

    http://www.telegraph.co.uk/money/mai...nglobal120.xml

    Last Updated: 12:07am GMT 20/03/2008
    MF Global informed clients yesterday that the "margin" on contract for differences (CFDs) was increasing on certain stocks from 25pc to 90pc. The clients have been given until this morning to put up the extra cash or close positions.

    Another volatile day's trading which saw 4.1bn shares change hands, compared with the daily average of around 3bn

    Traders fear that the move could increase market volatility as clients - unable to find the cash or transfer their investments to other brokers - are forced to close their positions.

    "You are going to see a lot of forced selling," said one leading London stockbroker.

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    • #3
      Re: MF going down the drain

      Citigroup is busy selling off assets.

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