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CME creates $100m protection fund


The exchange announced a new $100m safeguard fund for US farmers "in light of the recent MF Global failure".

Many of the former MF Global clients were farmers who have still yet to receive their money despite the belief that their cash was safe in segregated accounts. As a result many have been considering taking out insurance while others have threatened to exit the market completely.

The statement also pointedly claimed that MF Global had "violated CFTC regulations and misused customer monies that should have been kept segregated".

Affected clients who are still owed money say they have been...

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