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What is not clear is if the $1B offer for Refco was for the futures arm REFCO LLC or the entire REFCO Group? A $1b bid for the futures arm only seems quite rich, given that at Frudays' last price of 7.90 for RFX the ENTIRE group was valued at roughly $1B. Also, why is GS trying to rig the...

Refco's Futures Brokerage May Be Sold to Flowers (Update1) Oct. 17 (Bloomberg) -- Refco Inc., the futures broker that's facing insolvency because of a bad-debt scandal, is close to an agreement to sell part of the company to a group led by J.C. Flowers & Co., two people briefed on the...

Could you post this story? THX~!

Every FCM/IB/Trading House has an error account fo rbroken trades and in 1998 there surely couldhave been anincrease in broken trades...but in my experience I thought most firms had a policy: the immediate liquidation of broken trades so as to eliminate further markt risk/exposure. Givne...

I think it will fit better with the old SLK now GSEC... but at thi spoint who cares!

For once let GS take some responsibility... they have this prisitine reputation (and undeserved in my opinion) The issu her eis the stability fo the markets, i fpeople lose confidnece in teh finaicla markets, ou rbiz is dead! All we do is trade paper on trust, with o trust we will all be in...

Now this is what should have been done on Monday or Tuesday at the latest.... Finally some folks are thinking! NEWS ALERT from The Wall Street Journal Oct. 14, 2005 In an attempt to bring stability to the crisis at Refco, regulators have asked Goldman Sachs and other firms to buy or...

Now this is what should have been done on Monday... NEWS ALERT from The Wall Street Journal Oct. 14, 2005 In an attempt to bring stability to the crisis at Refco, regulators have asked Goldman Sachs and other firms to buy or assume financial responsibility for its massive futures...

The quick solution to this matter would be for the CFTC like the Fed Reserve did with LTCM should in essence encourage/coerce competing FCMs – FIMAT, Man or even Goldman (who is their “financial advisor and underwriter", Goldman could very easily merge REFCO LLC with the old SLK now known...

spreadgod, could you please post the entire DJ NEWSWIRE story you cited above. THX!

Could someone please post the full text of this story. Thanks!

I concur!

It's a ridiculous contest and in some ways predatory/unfair.

Peter, Any promotional codes for Elite Traders who sign up? Thanks!

One of the cardinal truths of the markets!!!!!

Are you at risk of delivery if you hold a long position through the first notice day. Or does the risk only kick in AFTER the last trading day? Thx

Welcome! Stay in touch via PM. Andl et's hope we can get more ineterest for a Sept NY ET get together!

I'm available and would love to meet. Keep me in the loop. What's ChiBondKing doing away from Chtown in the Big Apple.

Holmes, So what would you recommend for a good USB/FIREWIRE HDD? Thanks.

What do you guys think about these: http://www.staples.com/webapp/wcs/stores/servlet/StaplesProductDisplay?ts=1125068978938&storeId=10001&langId=-1&catalogId=10051&productId=120078 and...