Forex News: GMO, United Bankers, EUR/USD

GMO-SecuritiesJapan’s largest forex broker increases volumes

GMO Click Securities has shown increases in its volumes. In September it went up at US$293 billion on OTC and US$8 billion on exchange. In August, Japan’s largest forex broker have had its volumes 6.5 percent lower than July at US$286 billion.

United Bankers get Neonet for execution

Neonet has announced that it has signed an agreement with UB Securities Ltd. UB will have to increase execution quality. The solution will make UB Securities able to trade in their own membership on chosen markets and through Neonet access on all other major MTFs and primaries in Europe and the Americas. “Looking at different alternatives, Neonet’s Execution Services solution proved to be the best fit for us as it allows us to maintain membership on our primary markets, while at the same time giving us access to Neonet’s execution quality and broad market access,” says Patrick Anderson, Partner and CEO, United Bankers group.

EUR/USD shows little changes

EUR has remained close to 1.2900 mark, ahead of the European Central Bank meeting and standing against a backdrop of increasing rumours about Spain and its request for a bailout. In the opinion of P.Kinsella, researcher at Commerzbank, “a Spanish assistance programme has already been broadly priced in by the foreign exchange markets. However what has not been priced in is the reaction of the ECB”.