Thursday, 23 October 2014
Last updated 46 min ago
Dec 18 2009 | 10:27am ET
The Commodity Futures Trading Commission has fined MF Global $10 million for supervisory failures, most of which occurred while the futures broker was still part of the Man Group.
The CFTC cited four instances of risk supervision failures between 2003 and 2008, a year after Man spun off the brokerage. Earlier this year, the London-based hedge fund giant sold off its remaining shares in MF Global.
The CFTC found that MF Global, which still part of Man, failed to ensure appropriate transmission of price indications on natural gas futures to its voice brokerage customers. It was also rapped for failing to diligently supervise the preparation of trading cards and written trade authorizations.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...