For the last month or so Ray the Random Robot™ has been involved in a friendly competition with RAI, a cousin of his conceived in the laboratory of Dr. T, who installed some artificial intelligence in the space between the ears where Ray keeps his artificial stupidity. Both "robots" were entered in the February 2012 Vantage FX/myfxbook trading contest, and myfxbook have just announced the final results on their blog. Having read that blog post, and then checked his own final standing in the competition, Ray is now suffering from a terrible pain in all the diodes down his left side and is hiding in a corner of his room. He's refusing to talk to anyone, least of all me. I'll try to explain on Ray's behalf the cause of his current psychological problems.
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Fresh from agreeing a settlement with FXCM's UK subsidiary, the CFTC has stepped up its campaign in the courts against "unregistered" RFEDs by announcing that it is bringing civil actions against another 11 foreign currency firms. As in their first such sweep a number of those firms are based in far away places such as Belize, the British Virgin Islands and Cyprus. However two names stand out in the CFTC's blacklist of miscreants as being more "onshore" than the others, namely:
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