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There are some rumors going around Chicago relative to LFG and some large
losses by some local traders in the Bond Options and Yen. I was told the
situation was being addressed by the proper parties.
LFG, LLC was *not* recently purchased by ED&F Man. ED&F Man in August
purchased the customer business of the LIT Division of First Options of
Chicago, Inc. You may have confused LFG with LIT.
If you are a customer of LFG or of an IB of LFG, then I would suggest you
contact your broker or a LFG representative to get information from them.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
In a message dated 10/15/98 8:02:13 AM Central Daylight Time,
gta3@xxxxxxxxxxxxx writes:
<< I haven't heard anything about this (which certainly doesn't mean there
isn't something to it), but a few things don't add up. Wasn't LFG recently
bought by EDF Mann? Large currency trading losses? By whom? From whom or
where did this "understanding" come?
I strongly suggest checking out the facts before panicking out of accounts
(I have no affiliation with LFG/ Mann, actually I'm with a competing FCM)
and spreading incomplete and quite possibly false rumors.
Regards,
Tom Alexander
>>
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