July 22 (Reuters) – Futures broker MF Global Holdings (MF.N) has lost eight brokers from their nine-man London fuel oil swaps broking desk, two industry sources said on Thursday.
The eight brokers resigned earlier this month, and are currently serving out their “garden leave”, an industry source told Reuters.
The remaining member of the team will be leaving soon, the sources added. A spokeswoman for the company in London declined comment on the departures.
“We can only confirm that the London fuel oil desk is still operating,” she said when asked if MF Global will close its fuel oil desk in London. (Editing by Ramthan Hussain)