http://admin.futuresmag.com/admin/structure/nodequeueHedge funds are not listening to crazy bearish crude oil price predictions like Goldman's $20 a barrel call and instead are amassing its biggest net long position since last April. Oil fund managers are not betting on $20 a barrel oil this week because they increased their net-long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders report.
James W. Giddens, Trustee for the liquidation of MF Global Inc. (MFGI), today initiated the final, cumulative 95% distribution on all non-affiliate, non-subordinated, allowed general unsecured creditor claims, by mail and other distribution methods.
MF Global Inc. Trustee James Giddens declared the liquidation of MFGI "essential complete" after gaining approval of a final 95% distribution to allowed unsecured creditors on top of the 100% distribution ($6.9 billion) for customer claims.
Commodity Futures Trading Commission fined Morgan Stanley $300,000 for not maintaining enough USD in segregated accounts for U.S. clients, as well as ordered the bank to improve compliance with cleared swaps customer collateral, Market Watch reported.
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