MF Global Statement Regarding Fiscal Year 2009
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NEW YORK--(Business Wire)-- In view of the market reaction to our first fiscal quarter 2009 update, the company would like to advise the market that our volumes and associated transactional business continue to fare very well as we continue to benefit from the exceptional volatility in the markets in which we operate. The company regards the decline in our interest income in May to be short term in nature and the result of the current positioning of client assets which are largely in overnight government and agency securities. The company would expect interest income to return to more normal levels as we take advantage of the already higher rates. ABOUT MF GLOBAL MF Global Ltd. (NYSE: MF) is the leading broker of exchange-listed futures and options in the world. It provides independent execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base of more than 138,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients. MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages eight million lots, more than most of the world's largest derivatives exchanges. For more information, please visit mfglobal.com. FORWARD-LOOKING STATEMENT SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including statements relating to the Company's future revenues and earnings, plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated. We caution you not to place undue reliance on these forward-looking statements. We refer you to the Company's filings with the Securities and Exchange Commission (SEC) for a description of the risks and uncertainties the Company faces. MF Global Ltd. Media: Diana DeSocio, 212-589-6282 ddesocio@mfglobal.com or Investors: Courtney Oldrin, 212-589-6592 coldrin@mfglobal.com Copyright Business Wire 2008
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