Squared Financial Services racks up Record Spot FX volumes

Squared Financial Services, provide precision FX trading technology and services for banks, investment funds, money managers, and systematic or discretionary traders. The company provides  first-class proprietary trading facilities, products and services as well as competitive pricing. 01_FP_Branding_SF-180x110

A spokesman for Squared Financial Services said their trading volumes for April and May 2012 have exceeded all expectations and surpassed market averages by a substantial margin. The company believes this is a direct result of their strategy to offer “Squared Trader’s” premium liquidity to premium clients while routing institutional flows to their more robust offering “Squared Trader Pro”.

Squared Financial’s new liquidity and trade execution analytics were instrumental in optimizing all trading in the one to five million price bands. In the near future Squared Financial Services also plan to launch a series of new instruments which have been driven by customer demand. These include spot WTI, THB/XAU, USD/CNH, & USD/RUB. By applying similar liquidity management techniques the company anticipates a uniquely competitive and interesting result for their clients showing Squared’s commitment to customer focus and service.

Commenting on the markets yesterday a spokesperson said “The markets have had little to cheer this week after the central bank interventions of last week (albeit mainly verbal), very little of substance came out to back up the promises as we expected. What appears to be driving this increased risk appetite is very low volumes and holiday season throughout Europe could see the rally continue shorter term however with stocks reaching critical levels and no sign of QE3 for the addicts could trigger volatile trading in illiquid markets.

Technically we see that the EUR/USD has reached a DAILY Fibonacci level of 1.2445 which is a 61.8% retracement from the June highs to the July lows, this is technical resistance and seeing we failed at this level we are probably due for a correction lower. 1.2355 is support short term and a break lower from here brings us back to 1.2290 support. “