In a bit of a fix: Refinitiv seeks ideas to improve WM/R
Operator launches consultation following criticism of 4pm fixing rate
For 27 years, the WM/Refinitiv 4pm fixing has enabled buy-side traders to value their portfolios and benchmark their foreign exchange trades.
But now, for the first time in its history, the operator of the rate – formerly known as the WM/Reuters fixing – has launched a public consultation on the way the benchmark operates. It comes amid concerns about high trading costs and the negative impact of predatory trading activities during the fixing window, which can lead to worse prices for investors
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