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Experiences with MBF Clearing Corp
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Experiences with MBF Clearing Corp

  #1 (permalink)
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Experiences with MBF Clearing Corp

a thread for those with experience with MBF to express their views

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  #3 (permalink)
Trading for Fun
Wash DC
 
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I used to clear through them when I was backed for a while. I know a lot of people who used to be with them. Fisher runs a really tight ship. I got a lot more size by leaving. He won't even clear for some of my friends/fellow traders strategies'.


Who I went with after mbf was recently bought out by MF Global. My understanding is MF kept all everyones rates and leverage the same. Stone is really easy to work with also.

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Frank Ricard View Post
I used to clear through them when I was backed for a while. I know a lot of people who used to be with them. Fisher runs a really tight ship. I got a lot more size by leaving. He won't even clear for some of my friends/fellow traders strategies'.


Who I went with after mbf was recently bought out by MF Global. My understanding is MF kept all everyones rates and leverage the same. Stone is really easy to work with also.

what are their rates like? and what are their risk parameters like?

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  #5 (permalink)
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sysot1t View Post
what are their rates like? and what are their risk parameters like?

Not as good as the competition. It all depends on how much size you move.



I didn't get into it. I know they gave me/us half the size we were going to get somewhere else. At that point in my career, my focus wasn't on his risk parameters, and it wasn't my place to ask.

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  #6 (permalink)
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MBF clears all non-nymex through MF Global (or did ), so MBF guys aren't trading that much until wens at the earliest.



Nobody I know is too happy about it.

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Frank Ricard View Post
MBF clears all non-nymex through MF Global (or did ), so MBF guys aren't trading that much until wens at the earliest.



Nobody I know is too happy about it.


wow, that is interesting.. considering they are a CME member, why would they bother going through MFG? let's hope there was no fraud with MFG and that the funds were indeed segregated as they should have been...

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  #8 (permalink)
Trading for Fun
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My understanding is that smaller nymex FCM's have deals where they clear NYMEX futures but use other FCM's for the rest of their business. They had different regulations across the board.



FWIW, I guess MBF has everything back up and running today.

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