IMC has shut down their Hong Kong office. Everybody is fired. Operations move to Sydney.
Would fit nicely in their bold tradition of axing staff. At least I hope the IMC weekend school in Hong Kong is untouched.
To be continued.
Update 1: Confirmed. The offices in Sydney and Hong Kong will be merged into the Sydney office. The Hong Kong activities will be carried on from there. A number of HK people will be employed in Sydney.
Update 2: IMC has a commitment for continuation of the Hong Kong Sundayschool. Former IMC employee, Tom Voute and his company Algorithmic Trading Group have already expressed an interest in helping out.