Cash and cash equivalent at the end of 2Q09 was $822.2 million versus $639.2 million at 2Q08 end

Client payables

As of June 30, 2009, MF Global had $11.4 billion in client payables. As of June 30, 2009 the Company had $2.2 billion in long-term capital.

Business Developments

Product Offering Expansion

MF advanced its strategy of diversifying its product offerings by launching its Alternative Investment Strategies (AIS) group in June. The group provides qualified U.S. retail and institutional investors with access to the fast-growing managed futures sector through a direct asset placement program of managed accounts.

Retail Expansion

MF launched its premier U.S. retail brand, Lind-Waldock, in Canada, offering investors there the superior client service, extensive futures trading resources and expertise for which Lind-Waldock is known. The move leverages Lind-Waldock’s brand, strong reputation and scalable platform.

Increased Exchange Presence

MF joined the Chicago Climate Exchange as an offset aggregator in June, as well as became a participant on ELX Futures, which launched trading in U.S. Treasury futures contracts in July.

Others

On May 15, 2009, MF paid dividend on 6% Cumulative Convertible Preference Shares, Series A of $2.68125 per share, and dividend on 9.75% Cumulative Convertible Preference of $2.4375 per share.

On April 13, 2009, MF announced its intent to pay the entire $240 million unsecured term loan facility. The term loan facility was entered on July 18, 2008, and will be repaid ahead of its maturity date of July 2010.