Futex's holding company appointed Cork Gully on June 3 after an injunction
The administrators of defunct prop trading
firm Futex reported on Friday a £4.7 million shortfall
between the money held in the firm's clearing account and the
cash owed to creditors including former Futex
The report, from Futex administrators Cork
Gully, named nearly 60 claimants in the case, which arose
following an injunction by one of the firm's trader which led
to the collapse of the company.
The administrators report said: "We note
that as at the date of the injunction, the total owed to
traders (approximately £5.5m) exceeded the total held in
the company’s Marex Accounts (approximately
£800k) by circa £4.7m."
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