Refco's demise is competitor's gain

So who benefits from the demise of Refco? The list of potential beneficiaries includes some of Wall Street's top firms. As customers, including a lot of hedge funds, seek new trading and clearing services, business is expected to flow to the likes of Goldman Sachs, which owns the biggest futures-trading firm, Citigroup, UBS, JPMorgan Chase and Merrill Lynch. A host of smaller firms may also benefit. To repair its client list, J.C. Flowers & Co., or whoever ultimately buys it, will have a lot of work to do.

> Here's a Forbes article.
> Mystery "shareholder" in middle of controversy. Article
> Liberty Corner hedge fund sues Refco. Article
> Liberty Corner hedge fund says it is not target of Refco probe. Article
> Jim Rogers' fund halts redemptions due to Refco. Article