Designed to bring greatertransparency to pricing in the FX market, where possible WM/ Reuters rates arebuilt with data sourced directly from market transactions, applying multiplevalidation techniques on captured and calculated rates to result in accuratespot rates for each fix throughout the day. WM/ Reuters is examining changes to its foreign exchange fix, the pivotal financial benchmark at the centre of a global regulatory probe into allegations that traders are trying to manipulate the.
• FSB – “ Foreign Exchange Benchmarks Final Report” published 30 September. Statement and policies are available on the WM Company website and directly from WM.
For our analysis, we consider 12 trade currency pairs2. WM/ Reuters delivers the industry’ s broadest coverage, with both intraday and closing fixes for spot rates, forward contracts and NDFs.
Reuters, the news and media division of Thomson Reuters, is the world’ s largest international multimedia news provider reaching more than one billion people every day. The WM/ Reuters benchmark rates were mired in controversy at the heart of the FXscandal when the world’ s leading banks paid multi- billion dollar fines for manipulating the WM/ Reuters benchmark rates for their own benefit.
• 4 out of the 15 recommendations were specifically for WM/ Reuters. In addition, WM/ Reuters also provides closing rates for currency forwards and non- deliverable forwards ( NDF), hourly intraday for spot, forward and NDF rates, as well as historical data.Wm reuters forex. The WM/ Reuters 12 noon EST FX benchmark gives you a reliable, transaction- oriented rate that enables you to evaluate the markets with greater clarity.
Known as the WM/ Reuters benchmark rates, they are determined on the basis of actual buy and sell transactions conducted by forex traders in the interbank market during a 60- second window ( 30. The acquisition will be effective immediately.