MF Global Singapore was suspended by SGX this week and this caused open positions held by some CFD traders of AmFraser, Kim Eng, CIMB accounts to be frozen. MF Global Singapore is the counterparty.
Some traders will also be trading with MF Global. So the question for the trader is do I liquidate the positions or transfer the positions to another broker? Larry Williams in his email to his readers suggested to liquidate the positions instead. Why?
Because MF Global might be short on cash. They can transfer your positions to another broker but will they also transfer the cash to support that position? No cash to support that position = margin call...
Some traders will also be trading with MF Global. So the question for the trader is do I liquidate the positions or transfer the positions to another broker? Larry Williams in his email to his readers suggested to liquidate the positions instead. Why?
Because MF Global might be short on cash. They can transfer your positions to another broker but will they also transfer the cash to support that position? No cash to support that position = margin call...
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