WM/R fix and the curse of predictability

Investors should renew their focus on execution strategies around the 4pm fix, writes Alexei Jiltsov of Tradefeedr

trade point

Increased volatility and the low liquidity environment witnessed during the Covid-19 selloff has renewed attention to FX execution around the WM/R benchmark’s 4pm London fix. When adverse price moves become bigger, they are more difficult to ignore. 

We previously addressed EUR/USD predictability around month-end moves and observed how levels around the 4pm fix became less adverse for month-end execution compared to morning levels. From a daily perspective, execution at 4pm was reasonably good

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