EBS and Thomson Reuters merge input prices for FX fixing
Thomson Reuters and EBS have blended the sources of their combined 30-minute FX fixing through a proprietary algorithm, in a bid to increase transparency for FX market participants and meet increased demand for more timely and precise reference data based on real-time trades.
The fixing services were created in 2006, after the Bank of England ceased publication of FX rates. Daily benchmarking was initially provided twice a day by both platforms across six currencies – sterling, euro, yen, Swiss
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