Wider fix window raised costs for buy side

Costs creep higher after WM/R widens window

Widening the WM/Reuters benchmark window to five minutes has increased execution costs by as much as 60% in some currency pairs and pushed up the price of doing deals by a third on average at the 4pm fix, according to research from NewChange FX.

The data looked at the change in costs since February 15, when the previously one-minute window was widened to five minutes, as part of recommendations put forward by the Financial Stability Board, along with the introduction of explicit charges on these

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