MF Global Holdings Ltd. (MF), the broker that filed for bankruptcy yesterday and is the subject of regulatory probes over funds missing from client accounts, isn’t in compliance with CME Group Inc. (CME) and Commodity Futures Trading Commission rules.
“MF Global is not in compliance with CME and CFTC regulations related to customer segregation” of funds, Craig Donohue, CME Group’s chief executive officer, said on a conference call today with analysts. The exchange is working with the CFTC to determine the extent of the problem, he said.
CME Group is the world’s largest futures market.
To contact the reporter on this story: Matthew Leising in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Pierre Paulden at email@example.com