FARM BUSINESS NEWS
CME Group Speeds MFG Payback
Thu Nov 7, 2013 07:43 AM CST

(WSJ) -- CME Group Inc. plans to hand over to futures traders half the money CME is owed by MF Global Inc., helping repay the failed brokerage's former customers more quickly.

CME's move came a day after a New York bankruptcy court judge approved a plan for MF Global's brokerage to pay back 100% of the money owed to its U.S. and overseas commodity customers, just over two years after the firm's collapse.

MF Global's October 2011 bankruptcy rattled the futures industry, and the trustee's initial estimate of a $1.6 billion shortfall in customer funds drew scrutiny of the firm's ...

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