Futures-trading clients have embarked on a “flight to quality”

Discussion in 'Index Futures' started by ASusilovic, Feb 6, 2009.

  1. Futures-trading clients have embarked on a “flight to quality”, removing funds from financial institutions that have not received US government bail-outs and redirecting them to banks that have been given federal money, according to derivatives broker MF Global.

    Bernard Dan, chief executive, said on Thursday that official data showed a 12 per cent reduction in segregated client funds held with financial houses that were not recipients of Washington’s $700bn troubled asset relief programme (Tarp) between August and November last year.


    Hum, MAN Financial has not received TARP funds ? Sh.t ! Got to close my account there...