Singapore Exchange tells MF Global to cut derivative positions | Reuters: Singapore Exchange said on Monday it had told MF Global's Singapore unit not to take on any more derivative positions and to reduce existing positions with immediate affect.
"MF Global has informed SGX that it will not enter into new securities transactions," the exchange said in a statement.
SGX added that the troubled U.S. brokerage is meeting its financial obligations to the exchange's clearing house.
"MF Global has informed SGX that it will not enter into new securities transactions," the exchange said in a statement.
SGX added that the troubled U.S. brokerage is meeting its financial obligations to the exchange's clearing house.
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