no arbitrage occurring between Intersango GBP and mtgox?

[bullioner]

Bids on Intersango GBP are worth a good few percent more than asks on Mtgox USD at the moment.  I would have thought someone would be arbitraging between this pair, but it seems not?  To do the arbitrage, obviously you need funds ready on both exchanges (the reason I'm not going to Mtgox USD right now is due to the delay that would occur in funding the account).  But I thought I'd read that arbitrage between the main exchanges was being taken care of fairly well these days?  It's annoying because there is pretty much no ask depth on Intersango GBP.  You could push it up to 12 GBP (18.82 USD)  with only a couple of thousand GBP.

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[GeoRW]

Looks like they are out of ammunition, crazy times 

[cypherdoc]

Bids on Intersango GBP are worth a good few percent more than asks on Mtgox USD at the moment.  I would have thought someone would be arbitraging between this pair, but it seems not?  To do the arbitrage, obviously you need funds ready on both exchanges (the reason I'm not going to Mtgox USD right now is due to the delay that would occur in funding the account).  But I thought I'd read that arbitrage between the main exchanges was being taken care of fairly well these days?  It's annoying because there is pretty much no ask depth on Intersango GBP.  You could push it up to 12 GBP (18.82 USD)  with only a couple of thousand GBP.

ppl are discounting Intersango being dragged into the Bitcoinica lawsuit somehow.  or at least that their owners are going to take a financial hit which could threaten the site.  i hope not.

[cottoneyeJoe]

ppl are discounting Intersango being dragged into the Bitcoinica lawsuit somehow.  or at least that their owners are going to take a financial hit which could threaten the site.  i hope not.

I removed intersango from my arbitrage bot several weeks ago for this very reason. Moved my capital elsewhere. Thinking of doing the same with CampBx because the volume is so low and they dont have any good exchange to exchange fiat transfer options (like say BitInstant). I miss TradeHill. Arbitrage aint what it used to be...but there are still some very good days.

[epetroel]

ppl are discounting Intersango being dragged into the Bitcoinica lawsuit somehow.  or at least that their owners are going to take a financial hit which could threaten the site.  i hope not.

I removed intersango from my arbitrage bot several weeks ago for this very reason. Moved my capital elsewhere. Thinking of doing the same with CampBx because the volume is so low and they dont have any good exchange to exchange fiat transfer options (like say BitInstant). I miss TradeHill. Arbitrage aint what it used to be...but there are still some very good days.

Same here, I used to arbitrage GBP, USD and EUR on Intersango, but have been keeping only a token balance there lately for the same reason.  I'll wait for some clarity on how the Bitcoinica fiasco will affect Intersango before I do any more serious trading there.

[Bigpiggy01]

Prior to a UK court making some kind of ruling on the matter nothing is going to happen there.

[epetroel]

Prior to a UK court making some kind of ruling on the matter nothing is going to happen there.

Possibly, but Donald and Patrick's reaction after the Bitcoinica fiasco hasn't exactly been confidence inspiring.  In this case I'd rather be cautious than just assume that Bitcoinica's troubles won't bleed over into Intersango.