Refco has formed a joint venture in China with Jingyi
Futures, the country's sixth largest futures broker, the first
of many predicted deals inked between global and Chinese
Phillip Bennett, president, chief executive and chairman of
Refco, said the joint venture, "will allow us to continue our
expansion in this important regional market by introducing
Refco's products, services, and experience as the largest
non-bank futures clearing merchant to a large potential client
base throughout China."
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