MF Global, an intermediary offering customised solutions in global cash, derivatives and related markets, made a GAAP net loss of USD16.0m or USD0.13 per basic and diluted share in the quarter ended 30 September 2009.

This compares with net income of USD3.5m or USD0.03 per basic and diluted share for the same period last year

Revenue, net of interest and transaction-based expenses (net revenue), was USD252.0m for the quarter versus USD372.9m for the same period last year.

Client payables were USD12.2bn at 30 September 2009 compared to USD14.0bn at 30 September 2008.

MF Global’s market share in August 2009 of US segregated assets was 5.8 per cent, a 12-month high.

“We are making significant progress during this challenging market environment. The company is advancing its global growth strategy, and we are beginning to realize the multiple benefits of these efforts," says Bernard W. Dan, chief executive officer of MF Global. "During the second quarter, we expanded the valuable products and services we offer institutional clients, gaining traction in some of our new fixed income product areas while significantly growing our retail business in Asia.

"These strategic initiatives mitigated the impact of broader market conditions. By pursuing high-growth, high-margin opportunities, we continue to expand MF Global’s market share, indicating the industry is increasingly recognising the advantages we deliver to clients. I believe we are well positioned to accomplish our goal of enhancing our company's profitability.”