Exhibit 99.2 EXECUTION COPY MEMORANDUM OF UNDERSTANDING October 17, 2005 CONFIDENTIAL ------------ Refco, Inc. Refco Global Futures, LLC One World Financial Center 200 Liberty Street, Tower A New York, NY 10281 Attention: Scott Schoen Dear Scott: This...Memorandum of Understanding • October 18th, 2005 • Refco Inc. • Security & commodity brokers, dealers, exchanges & services • New York
