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Futex (UK futures broker) halts trading

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Futex administrator says no offer made for firm

Holding company of the prop firm filed for administration earlier this month

The administrator to Futex's holding company said it has not received an offer to buy the trading firm less than a month after the Cork Gully was appointed to managed the defunct business.

"The administrators are continuing to [explore] all options available to the company however no offer has been received to buy it as a going concern," a spokesperson for Cork Gully told FOW.

A 'going concern’ refers to a firm that has the resources to continue to operate independently for the foreseeable future.

From FOW

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