Table of Contents
What does MF Global do?
MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities.
Why did MF Global fail?
MF Global’s business was commodity brokerage and its customers were farmers, hedge funds, and other customers who traded commodity contracts. The losses that eventually drove MF Global into bankruptcy stemmed from high risk bets on European sovereign bonds that Corzine made as he swung for the fences.
Did MF Global customers get their money back?
Former securities and commodities customers of MF Global have recovered $8.1 billion — virtually all of their assets — with Tuesday’s conclusion of the bankruptcy court liquidation of the failed brokerage formerly headed by Jon Corzine.
What did Jon Corzine do?
He served as Goldman Sachs’ CFO (1991–1994) and a senior partner (1994–1999). During his leadership, Corzine oversaw the firm’s expansion into Asia and was instrumental in leading the transition of the firm from a private partnership to a public company.
Who bought MF Global?
MF Global can trace its roots to an English sugar-trading company that began operations in 1793. The Man Group spun off MF Global in 2007. Corzine, 64, former co-chairman of Goldman Sachs, took over the company’s reins in March 2010.
Who is New Jersey Governor now?
Phil Murphy (Democratic Party)Since 2018
New Jersey/Governor
When did MF Global go public?
Spun out of Man Financial Group in 2007, in a less than remarkable initial public offering (IPO), at a time when upsets in the global financial markets were beginning to be felt, MF Global was a commodities brokerage house (futures commission merchant, FCM) offering clearing and executions services.
What’s the capital of New Jersey?
Trenton
New Jersey/Capital
One of the original 13 states, it is bounded by New York to the north and northeast, the Atlantic Ocean to the east and south, and Delaware and Pennsylvania to the west. The state was named for the island of Jersey in the English Channel. The capital is Trenton.
What does MF stand for in music category?
Acronym. Definition. MF. Medium Frequency (300-3000 kHz; 1km-100m) MF. Mezzo Forte (music, moderately loud) MF. Mother Figure (polite form) MF.
What kind of trading does MF Global do?
MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities.
What did MF Global do before it went bankrupt?
MF Global, formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting.
What does MF stand for in zoning category?
Retrieved September 1 2021 from https://www.acronymfinder.com/Multi_Family-Residential- (zoning)- (MF).html The Crystal Series 5600 is suitable for many multi-family residential and commercial building types, for either replacement or new construction applications. 1 billion worth of office and multi-family residential property sales last year.