NEW YORK, Jul 27, 2010 -- MF Global Holdings Ltd. (NYSE: MF), a leading brokerage firm offering
customized solutions in global cash and derivatives markets, today
announced the company was selected by BNY Mellon Clearing, LLC to
provide clearing services and infrastructure support for its new futures
commission merchant offering.
Steve Grady, executive vice president and global head of Client
Solutions of MF Global, said, "We will leverage our core competencies to
support BNY Mellon Clearing in providing its clients a leading clearing
service along with access to major exchanges and clearinghouses around
the world."
Sanjay Kannambadi, chief executive officer of BNY Mellon Clearing, said,
"With the rapid changes occurring in the marketplace, we wanted a firm
that had a global reputation and track record in supporting futures and
derivatives clearing activities. By leveraging MF Global's expertise, we
are providing our clients with a compelling value proposition in the
derivatives markets."
About MF Global
MF Global Holdings Ltd. (NYSE: MF) is one of the world's leading cash
and derivatives brokerage firms, providing seamless execution, clearing,
and settlement services in exchange-traded and over-the-counter markets.
A leader by volume on multiple exchanges, the firm delivers insight and
access across a broad range of products. MF Global helps its diverse
client base meet their unique trading and hedging needs through
customized solutions, market expertise, and value-added research. For
more information, please visit www.mfglobal.com.
About BNY Mellon Clearing, LLC
About BNY Mellon Clearing, LLCis a U.S. registered futures
commission merchant and a member of the National Futures Association.
The company clears futures and derivatives trades on behalf of its
institutional clients. It is a wholly-owned, non-bank subsidiary of The
Bank of New York Mellon Corporation, the global leader in asset
management and securities servicing.
SOURCE: MF Global Holdings Ltd.
MF Global Holdings Ltd.
Investors:
Lisa Kampf, 212-589-6592
lkampf@mfglobal.com
or
Media:
Tiffany Galvin, 212-589-6280
tgalvin@mfglobal.com
