I dont think traders will buy back Mac from Refco. Maybe a couple of the smaller offices will go seperate, but anyone who does buy Refco will probably be left with more trainees/ weak traders than experienced successful traders. BTW they are interviewing for a new graduate program as I write.
That is rubbish, i trade in Refco Brentwood, i am backed trader. I have emptied my account and i still have the same limits and same daily stop, as do the rest of the office. We are able to draw down our accounts each day. Some of the own account traders emptying their accounts have had limits reduced.but i can understand that. Refco only make brokerage money of those. I know a hell of a lot of the London traders and yes quite a few of them have gone, but there isn't a rush for the doors yet, unless of course you mean Mary's door, where i believe there is now a permanent queue.
All the Refco guys would know what i mean. Mary is the lady in charge of accounts. If you want to withdraw money from your account you see Mary.