12 December 2011


Justin Schack

Managing Director

Joe Gawronski

President and COO

Rosenblatt Securities Inc.
New York +1 212 607 3100
Dublin +353 1 855 9125

Inquiries to

Rosenblatt’s Market Structure News Digest

"I've had enough of reading things by neurotic, psychotic, pig-headed politicians. All I want is the truth, Just gimme some truth."

—John Lennon, 1971 (“Gimme Some Truth,” from the album “Imagine”)

NYPC’s Lukken: MF Global Shows Challenges For Futures Brokerage Model

—Dow Jones Newswires

The pressures that built on MF Global Holdings Ltd. ahead of its collapse in late October highlight the difficulties facing firms that handle futures trades, according to Walter Lukken, head of New York Portfolio Clearing. The added cost of complying with new regulations under the Dodd-Frank financial law and potential for tighter restrictions on investments of customer money add to an already tough climate for futures-clearing firms to turn a profit, Lukken said…

Our Take: Further restrictions on how they may invest segregated customer funds may...

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