The Seventh Circuit Court of Appeals on Friday vacated an August ruling that allowed Bank of New York Mellon (BONY) to maintain priority over former customers of Sentinel Management Group to funds it loaned to Sentinel.
The MF Global debacle rocked the futures industry and its full impact is yet to be felt. We talked to some industry veterans regarding the fallout of MF Global in the industry and its regulatory processes. Here is what they had to say.
Asia’s most exciting futures markets are in China and India, but the most free and open financial centers are Hong Kong and Singapore. Both, however, have tended to focus on equities and shun futures — until now