Why you should know your customers
According to the rumour, the blow-up has apparently resulted in a substantial loss, which someone has to pick up. Details of what went wrong are murky but some are saying it is linked to the failure or absence of certain risk limits at Fixi, a foreign exchange prime broker, or white-label provider Currenex - or even to some degree all three.
So far, Fixi has sent a trader home and notified the Financial Services Authority (FSA) of the incident.
"Following an incident on the April 22, Fixi has
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