MF Global says has enough funds for normal business

NEW YORK, March 17 (Reuters) - MF Global (MF.N: Quote, Profile, Research), one of the world's largest futures and options brokers, said on Monday it had sufficient funds on hand and access to alternative sources of capital to conduct normal business.

MF Global shares fell by as much as 70 percent on Monday amid speculation the firm had liquidity problems. MF Global said it had $1.4 billion in committed, undrawn credit lines and no exposure to subprime mortgage-backed securities or Bear Stearn's investor Joe Lewis. (Reporting by Robert Campbell, editing by Phil Berlowitz)