MF Global: The OCC Reports That It Has Liquidated Customer's Listed Equity Options Contracts

On November 8th, the Options Clearing Corporation confirmed that it has been liquidating listed stock options held by MF Global's customers. Liquidations have been occuring since last Tuesday, according to the OCC's November 8th press release that is available here.

The SIPC Trustee has not, to our knowledge, confimed that the listed equity options have been liquidated or provided customers with information regarding these options or the status of the margin posted to MF Global in support of the options.

Good evening. [More] Good grief. TSR

 

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