MF Global Acquires Leading Australian Futures Broker

    --  Transaction advances Asia Pacific growth strategy

    --  MF Global to take top position on Sydney Futures Exchange

    --  Second acquisition in Asia Pacific in four months

    NEW YORK, September 28 /CNW/ - MF Global Ltd. (NYSE:   MF), the world's
leading futures and options broker, today announced the acquisition of 100
percent of the share capital of BrokerOne Pty Ltd. The Sydney-based BrokerOne,
which commenced business in 1995 through its predecessors, has successfully
captured the leading market share of futures contracts traded on the Sydney
Futures Exchange (SFE). MF Global believes the transaction will be accretive
over the next 12 months.

    "Our purchase of BrokerOne further advances our Asia Pacific growth
strategy," said Kevin Davis, chief executive officer of MF Global. "The
acquisition establishes MF Global as the #1 broker in Australian futures and
options market whilst simultaneously strengthening our balance of customers in
that financial center between institutional, retail and professional trader

    BrokerOne is the largest online broker for retail clients and
professional traders in Australia, with its 4,500 customers collectively
representing the biggest single pool of liquidity on the SFE. The
complementary nature of the two customer bases will help facilitate synergies
from the transaction while strengthening MF Global's overall position in the

    Mr. Davis added, "We continue to view all of Asia Pacific as a tremendous
opportunity as regional growth in futures and options volumes and contracts
has increased at a 25 percent compounded annual growth rate over the last five
years. MF Global plans to continue to make opportunistic acquisitions in the
region that enable us to expand our customer base, liquidity and the products
we provide."

    The combination of BrokerOne with MF Global's existing Australian
business establishes the combined entity's leading positions in both listed
and unlisted derivatives including retail products such as the high growth
market for over-the-counter equity derivatives known as Contracts for
Differences (CFDs).

    MF Global is leading the consolidation of the futures industry, executing
18 acquisitions over the last 18 years. In addition to BrokerOne, in June
2007, MF Global acquired FXA Securities Ltd., a leading provider of online
foreign exchange products in Japan. The company is in the process of rolling
out FXA's technology outside of Japan, to provide a retail OTC foreign
exchange platform to all of Asia Pacific and Europe.

    Approximately 10 percent of MF Global's net revenues in fiscal 2007 came
from Asia Pacific as the company has strong and growing positions throughout
the region with offices in Tokyo, Hong Kong, Singapore, Taipei, Mumbai and

    Prior to MF Global's acquisition, the controlling shareholder of
BrokerOne was TransMarket Group Pty Ltd., part of a global trading group with
operations in the U.S., U.K., Spain, India, Singapore and Australia.
TransMarket intends to focus its entire effort on its proprietary trading
business and will remain a customer of BrokerOne following the change of


    MF Global Ltd. (NYSE:   MF), formerly Man Financial, is the leading broker
of exchange-listed futures and options in the world. It provides execution and
clearing services for exchange- traded and over-the counter derivative
products as well as for non-derivative foreign exchange products and
securities in the cash market. MF Global is uniquely diversified across
products, trading markets, customers and regions. Its worldwide client base of
more than 130,000 active accounts ranges from financial institutions,
industrial groups, hedge funds and other asset managers to professional
traders and private/retail clients. MF Global operates in 12 countries on more
than 70 exchanges, providing access to the largest and fastest growing
financial markets in the world. It is the leader by volume on many of these
markets and on a single day averages six million lots, more than most of the
world's largest derivatives exchanges. For more information, please visit


OF 1995: Forward-looking statements in this press release, including
statements relating to the Company's future revenues and earnings, plans,
strategies, objectives, expectations and intentions, are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy, and some of which might not be anticipated. We
caution you not to place undue reliance on these forward-looking statements.
We refer you to the Company's filings with the Securities and Exchange
Commission (SEC) for a description of the risks and uncertainties the Company

For further information:

For further information: MF Global Ltd. Media: Diana DeSocio,
212-589-6282 or Investors: Jeremy Skule, 800-596-0523

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