BTI exits nonferrous trading due to MF Global exposure
Jul 06, 2012 | 09:58 AM
| Alex Harrison
Tags
BTI Bulk Trading International,
MF Global,
nonferrous metals,
trading
LONDON — BTI Bulk Trading International SA will stop trading nonferrous metals this month as a result of its exposure to bankrupt London Metal Exchange broker MF Global Inc., a company executive told AMM sister publication Metal Bulletin.
"BTI has decided to cease the nonferrous metals trading activity, in which it did a volume of 10,000 tonnes per month of physical trading, due to the exposure and delay in recouping MF Global funds," the executive....
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