MF Global Ltd. (NYSE: MF), a leading broker of exchange-listed futures and options, today announced that it has established its first nuclear fuel trading desk.

Based in London, the new desk will provide the primary nuclear fuel market with a central liquidity pool for the sale and purchase of physical uranium oxides, as well as a suite of uranium price hedging and exposure products.

“As global interest in renewable energy sources grows, it’s critical that MF Global has a presence in related trading markets,” said Martin Timmins, executive vice president and head of MF Global’s energy desk. “Our entry into this space demonstrates our commitment to providing brokerage services to the global energy industry throughout its evolution.”

MF Global has hired Scott Lawrence, formerly the head of nuclear fuel markets at Tullett Prebon to oversee the desk.

"In today’s carbon sensitive environment, nuclear power generation will continue to play an expanding role in the future supply of reliable base-load electricity,” said Mr. Lawrence. “A liquid, transparent physical uranium market is imperative to the continued growth of direct investment into fuel supplies."

MF Global’s diverse business model allows it to provide a complete product offering to its customers, from the trading of physical uranium, futures and swaps to the provision of optionality, structured products, counterparty risk clearing and custodian services.

MF Global Energy has long maintained a leading position in both the listed and over-the-counter markets it trades. It executes and clears more volume on the Intercontinental Exchange and the New York Mercantile Exchange than any other broker.

About MF Global

MF Global Ltd. (NYSE: MF) is the leading broker of exchange-listed futures and options in the world. It provides independent 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 138,000 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 more than eight million lots, more than most of the world’s largest derivatives exchanges. For more information, please visit www.mfglobal.com.