I mean I don't understand what Paolo Rossi was thinking.............that the traders will keep their funds indefinitely with Futex. From what I understand it only took one big trader to ask for a withdrawal and the whole company collapsed.
What is your opinion just21?
By the way this is a blog entry from Lee Gibbs, describing a really bad day that he went through. I am wondering how many millions did he lose........
http://www.futexlive.com/blog/32
Also the following article is a great one too....
http://www.futexlive.com/blog/27
Hi, does anybody have any more info about the major problems that the prop house Futex in London currently has?
Below is a couple articles about the current situtation
http://www.thetimes.co.uk/article/firm-where-flash-crash-trader-first-worked-fails-sl8h87s7p...