The bidding for units of Refco got underway last week after a judge ruled that an auction for the bankrupt firm would be settled in early November.
Last week, a US bankruptcy court judge ruling forced early front runner JC Flowers to drop out, which opening the door for a host of firms to battle for Refco or parts of the firm.
An auction was set for 9 November with bids due by 4 November. A hearing on the sale of Refco would then take place on 10 November with Refco's current board deciding the winner. The court will still sign off on any deal.
Flowers withdrew from the process after the judge said the private equity firm would have to slash...