Banks set to charge for fix execution

Some banks are notifying clients of changes to benchmark order execution

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Several banks have started notifying clients they will be charged a spread for executing benchmark orders, while other sell-side institutions are internally discussing ways to reform existing practices, people familiar with the matter told FX Week.

The rethink comes as the focus turns towards practical ways to improve transparency, and eliminate potential conflicts of interest between sell- and buy-side market participants.

"We have been told we can no longer get guaranteed mid-rates for fixing

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