Not much histroy in this but...I think this will be history... I really can't tell with 45 days...but I say south
The Company stated that the regulatory capital and excess regulatory capital of Refco, LLC, its regulated Futures Commission Merchant, and Refco Securities, LLC, its regulated Broker Dealer, have been substantially unaffected by the events of this week. The business at these subsidiaries is being conducted in the ordinary course including customer deposit and withdrawal of segregated funds. In light of recent events, the liquidity within the Company's non regulated subsidiary Refco Capital Markets, Ltd., which represents a material portion of the business of the Company, is no longer sufficient to continue operations. The Company has therefore imposed a 15 day moratorium on all activities of Refco Capital Markets, Ltd. to protect the value of the enterprise. http://biz.yahoo.com/prnews/051013/nyth091.html?.v=28
could a shrewd trader or hedge fund have shorted anything related to RFX on the 10th and lucked out from the confusion / rumors ? was today showing some short term capitulation in some names from a few days ago ? CME GFIG GS and other broker dealers?