Singapore Exchange Suspends MF Global's Clearing And Trading Membership 1 hours 40 minutes ago - Dow Jones News
SINGAPORE -(Dow Jones)- Singapore Exchange Ltd. (S68.SG) said late Thursday said it has suspended MF Global's membership in the bourse's trading and clearing-house operations with immediate effect. "MF Global has no outstanding proprietary positions and almost all their customers' positions on SGX have been transferred to other clearing members or closed out by MF Global," SGX said in a statement. "Only a small number of customer accounts remain open and available for transfer to other brokers or to be closed out." SGX said the suspension doesn't affect MF Global customers' ability to obtain transfers of their positions on the SGX to other clearing members or close out their positions.
-By Sam Holmes, Dow Jones Newswires; +65-6415-4157; samuel.holmes@dowjones.com
(END) Dow Jones Newswires 11-03-11 1920ET Copyright (c) 2011 Dow Jones & Company, Inc
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