Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: MF Global Update 12-09-2011

They filed bankrucpty on Mon. Oct 31. I received my notice on Sunday Nov 6th that they transfered my one sugar position, but it looks like it was done late Friday Nov 4th. I think they were able to get all postions transfered by around Nov 11th, so I wouldn't think they still have traders stuck in a trade at this time, but even being stuck for 2 weeks, depending on the size of your postion, could be real bad.

Even with my one sugar position they only transfered something like 75% of the margin, so we were already close to being subject to a margin call. I liquidated my position as soon as I could on Monday Nov 7th, eventhough I did not want to. Else I would have to send even more money in to hold on to it.