A powder keg in forex: the prime broker business

Brokerages look at high-speed algo trading paired with bloated credit limits – and shudder

Some of history’s most famous explosions are ones that never happened.

Take the Gunpowder Plot of November 5, 1605, a conspiracy to assassinate King James I by blowing up the House of Lords. The plot was foiled by an anonymous letter, and Guy Fawkes was discovered with 36 barrels of gunpowder in an undercroft of parliament. He is burned in effigy every November 5 across Britain today.

Four centuries later, no anonymous letter is needed to see the possibility of a blow-up in an undercroft of