Prebon Shuts London Spot EMS But Shows A Jump In Profits
BROKERS
Prebon Yamane (UK) shut its spot EMS and Ecu brokerage desk in London last Monday, choosing to focus instead on emerging markets and exotic currencies, confirms an official. Meanwhile, the brokerage released results showing a 23 per cent jump in profits for the first six months of the year.
The decision to close the desk affects only the London room, so Prebon will continue providing spot coverage in New York and Singapore, spot yen in Tokyo, spot Deutsche mark in Warsaw, spot drachma in Athens
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