Singapore Exchange suspends MF Global

Bad news for MF Global as almost all of its customers’ positions on SGX have been transferred or closed out.

Singapore Exchange Limited has suspended the membership of MF Global Singapore Pte Limited on Singapore Exchange Securities Trading Limited, Singapore Exchange Derivatives Trading Limited and Singapore Exchange Derivatives Clearing Limited with immediate effect.

MF Global has no outstanding proprietary positions and almost all their customers' positions on SGX have been transferred to other clearing members or closed out by MF Global. Only a small number of customer accounts remain open and available for transfer to other brokers or to be closed out.

SGX will assist with either option and continue to facilitate customers’ requests until 9 November 2011. Thereafter, remaining positions will be closed out.

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