Macfutures rumours

Just a note on Refco being bought. It is true. None of the prop traders, nor anyone affiliated with Refco Trading Services os getting any chance at any stock.
 
Ok you took my ridicule well. Good luck on the story.

Quote from LRD:

I am using all avenues available to me. Obviously I am not going to write a story that could cost me my job based on anonymous gossip. It is more a question of trying to find out the right questions to ask. As I said before, once I have anything I think is publishable I will let you know, whether it is a confirm or a deny.
 
Refco in battle with TT over trading software

By Jeremy Grant in Chicago

Published: April 27 2005 03:00 | Last updated: April 27 2005 03:00

Refco, the world's largest privately-held futures broker, was yesterday scrambling to prevent the cancellation of a key software contract with Trading Technologies after the software provider threatened to stop offering software on which Refco relies for a third of its futures trading. The development is an embarrassment to Refco as it prepares to launch a $575m initial public offering.

(...)

http://news.ft.com/cms/s/920cb070-b6b8-11d9-aebd-00000e2511c8.html
 
Quote from Xenia:

Refco in battle with TT over trading software

By Jeremy Grant in Chicago

Published: April 27 2005 03:00 | Last updated: April 27 2005 03:00

Refco, the world's largest privately-held futures broker, was yesterday scrambling to prevent the cancellation of a key software contract with Trading Technologies after the software provider threatened to stop offering software on which Refco relies for a third of its futures trading. The development is an embarrassment to Refco as it prepares to launch a $575m initial public offering.

(...)

http://news.ft.com/cms/s/920cb070-b6b8-11d9-aebd-00000e2511c8.html

already another thread about this.
 
Quote from LRD:

I've been hearing some rumours about Macfutures.

Not sure I can post them in public as very unconfirmed
but if anyone wants to do an information exchange
please PM me.
No more X_Trader after May 15, 2005.
 
It's actually a good thing that refco won't be using X trader. TT are trying to extort them. Better that they stand up and fight there flimsy patent in court.

Runningbear
 
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