Greenwich Europe Ltd.

Greenwich Europe, Ltd. operates as a broker-dealer in the United Kingdom, European, and South African equity derivative markets. It provides a range of derivative broking services covering over-the-counter and exchange listed products, which include the United Kingdom and European single stock options; FTSE, Dax, SMI, and Eurostoxx index futures and options; South African single stock options; South African index futures and options; and Russian single stock options. The companys customers include banks, fund managers, and commodity trading advisors. Greenwich Europe was founded in 1997 and is based in London. As of July 21, 2005, Greenwich Europe Ltd. operates as a subsidiary of REFCO Overseas Ltd.