What does WMR fixing stand for?
In the FX market, such a benchmark was introduced in 1994 by the World Markets Reuters (WMR) Company. It covers 155 spot currency benchmark rates and benchmark forward rates for 80 currencies. 4 Publication of the fixing rate takes place 15 minutes after the fix time.
What is WMR benchmark?
The WMR Closing Spot Rates service was introduced in 1994 to provide a standard set of currency benchmark rates so that portfolio valuations could be compared with each other and their performance measured against benchmarks without having any differences caused by exchange rates.
What is the WMR fixing rate?
The currently most important benchmark rate is the World Market Reuters 4 pm London fix (WM/R 4 pm fix), which accounts for approximately 1–2% of the total $2 trillion daily volume in the FX spot market.
During which times are the WM Reuters benchmark spot rates published?
Intraday spot rates Produced on the hour from Monday 6:00 am Hong Kong/Singapore time – Friday 10:00 pm London time, with coverage including 150+ currencies against the EUR, GBP, and USD.
What time is the WMR fix?
The most important of these benchmarks, called the “London 4pm Fix”, “the WMR Fix” or just the “Fix”, is published by the WM Company and Reuters based on forex trading around 4:00 pm GMT.
What is the 4pm fix?
4 Min Read. The London fixing is the benchmark value of a currency pair on any given day from Monday to Friday. This official rate is settled at the close of the London market at 4pm local time. The majority of transactions go through the books from 3:59:30 to 4:00:30, which means, a 1-minute window of frantic activity …
How is BFIX calculated?
The BFIX prices are derived by taking a Time-Weighted Average Price (“TWAP”) of the arithmetic mid-rates of BGN or BGNE prices, pre and post the fixing time.
What is FX benchmark?
WM/Reuters FX benchmark rates are spot and forward foreign exchange rates that are used as standard rates for portfolio valuation and performance measurement.
What is London 4pm fix?
The London fixing is the benchmark value of a currency pair on any given day from Monday to Friday. This official rate is settled at the close of the London market at 4pm local time. The majority of transactions go through the books from 3:59:30 to 4:00:30, which means, a 1-minute window of frantic activity.
What does WM Reuters stand for?
The WM/Reuters FX benchmark rates are provided by Thomson Reuters, which acquired the rate calculation business of the World Markets Company (WM) from State Street in 2016.
What is a BFIX?
The Bloomberg FX Fixings (BFIX) family of benchmarks covers spots, forward and non-deliverable forward (NDF) rates for a comprehensive global coverage of currencies and metals. BFIX is administered and calculated by Bloomberg Index Services Limited (BISL).