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>Date: Thu, 15 Oct 1998 00:49:48 -0500
>To: knight@xxxxxxxxxxxx
>From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
>Subject: Re: LFG ALERT
>Cc: omega-list@xxxxxxxxxx
>In-Reply-To: <36257362.13E9@xxxxxxxxxxxx>
>
>I'm an IB with LFG and nobody I've spoken to has confirmed this grapevine
story as being true.
>Its late so the people I normally talk to are gone but I spoke with our
globex folks and they said this was news to them. Earlier Jim asked about a
clearing firm that had a 47 million dollar margin call this morning. I
called our margin dept and they said it wasn't LFG and didn't know anything
about who it might be. If I find out any different I will let you know. But
for right now business as usual at LFG nite trading and if they were below
required reserves I don't think they would or could be trading tonight.
>
>Robert
>
>
>
> Walt Downs wrote:
>>I am passing this along the grapeviane as a "heads-up" to those to
>>whom it may apply:
>>"
>>To all who have an accound with LFG...suggest that you check with your
>>broker...it is my understanding...as of the end of the trading
>>today...LFG due to large currency trading lossess..dropped below they
>>required reserves."
>>
>>Walt Downs
>>CIS Trading
>>
>>
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