Search results

he made a cool $1bio for himself on shinsei (=newly born)... not bad hey

this from edgar / refco's ipo docs fyi: Refco Inc. and Subsidiaries Unaudited Pro Forma Consolidated Balance Sheet as of November 30, 2004 (in thousands) http://sec.freeedgar.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=wU%5FMIiXvgBkBoxD&ID=3597724#A2149035ZS-1_HTM_TOC_DH10213_2...

so whats new?...... chood - you may find this interesting: http://faculty.haas.berkeley.edu/lyons/Yao%20FX%20dealer%20profits.pdf#search='fx%20trade%20shading' cheers

many thks for yr earlier response rufus_4000, yep, have client accts as well, not looking at credit wrap type structure presently, but yr response gives me some good pointers as to the possible purpose of some clauses i particularly dislike in my 'prime' 's draft contract... cheers!

#1 link, thks setharb! so... abadi & co's a creditor hey? Abadi & Co. Securities $28,046,904 .... mhhhh

can u elaborate plse, re why it becomes unsecured? (i am in the midst of prime brokerage services type negotiations, altho' for fx spot trading essentially at this point, and perhaps fx cfds etc, also secured agreement on designated segregated client acct with my 'prime', therefore v.interested...

other interesting url to monitor, since thats where refco's filed for chap 11 (UNITED STATES BANKRUPTCY COURT Southern District of New York ) but nothing available on the filing itself yet... wait'n'see:@http://www.nysb.uscourts.gov/

thought this cld be useful, straight from edgar... worth reading additional stuff about the sale (MoU-stage) to jcflowers on http://sec.freeedgar.com/displayText.asp?ID=3962406 : Also on October 17, 2005, the Company and certain of its subsidiaries (collectively, the "Debtors") filed...

straight from refco llc... just had the curiosity to look this up, interesting what they write about refco's liabilities, segregated accts etc (read the right-hand side column from the top): http://www.refco.com/PDF/new_accounts/individual_joint_acct/cust_agreement.pdf obviously hindsight...

www.refcoclassaction.com but thats only for investors, not customers...

good 1 :-))))))))

cheers Apex ;-) yeah, i am actually (not using aliases etc) don't disagree with yr other post on this thread, loads of not directly actionable stuff on ET thats for sure, at the same time its v.difficult to 'police' in an efficient way is it not, and there is also a lot of good stuff there...

broadly correct compared to regulated markets, however there r ways to diminish the risks: - some fx brokers offer segregated accts... u still need to read the fine print tho', and be prepared to spend some time negotiating contractual adjustments with yr broker prior to signing up... am not...

you cld try to sell cable right now on yr refcofx acct and simultaneously hedge on another fx acct you may have with another broker? (there is a reasonable prob. that cable may want to head back towards 1.77 other next 48hrs, after today's BoE release... altho' at the same time, it may not...

thats my boy!!! ;-)))

excellent, just found out about this feature, thanks! and also how to unsubscribe to a thread when it really becomes boring.... v.simple & efficient features i'd say!

Apex dude -- free country i know but... can't we just all move on?? or else s.o. plse tell me how i can unsubscribe to this thread..............

OldTrader you're right (apologies for slightly 'editing yr post'), however what wld happen if for instance RCM happens to be a segregated acct holder at Refco LLC, directly or via yet another hegde fund, and holds huge losing pozzies there on CME (eFX or other) contracts, or anything like that...

dude -- and its only taken you until the 50th page on this thread to acknowledge this 'minor' risk at Refco LLC??! :-)))))))))))) anyway, guess what really matters now is to determine the true financial situation of each & every entity of the group... that'll take a good few weeks...

just got this in my inbox from fxcm: Dear Client, We have received several inquiries regarding the recent news surrounding Refco. In particular, clients have asked how the news about Refco affects FXCM. The answer is: the news has no effect on FXCM or its clients. FXCM is an...