Administrator Cork Gully was appointed in early June after a trading injunction
The administrator of prop firm
Futex’s holding company has said creditors have
until August 9 to vote on its formal proposals as it seeks to
establish legal ownership of the funds held in
Futex’s account at clearer Marex Spectron after a
£4.7 million shortfall was discovered.
A spokesperson for Cork Gully,
administrator to Futex’s holding company
Independent Derivative Traders (IDT), told FOW creditors
– which include former traders and technology
providers – they have until August 9 to vote via
correspondence on the administrator’s
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