Tag: 4pm fix

April 11, 2016 BY Mike Fox

Pragma launches SmartFix algorithm to improve FX trading performance against WM/R 4pm

Pragma Securities, a leading provider of high performance algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing. The algorithm is based on patterns detailed in a research paper released by Pragma today. Following recommendations from regulators in the…

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August 20, 2014 BY Mike Fox

Banks, funds agree on wider window for FX fix

Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.

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March 04, 2014 BY Gerald Segal

Electronic dealing fast replacing ‘faulty’ forex dealers at major banks

Regulatory action risks to squeeze big banks' profit margins from FX, but bringing increased transparency and likely more volumes A report in Monday’s edition of the Financial Times outlines an accelerating shift that is occurring within the FX markets industry during the past couple of months. Yes, we are talking about electronic dealing finally arriving…

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February 09, 2014 BY Gerald Segal

Senior FX exec departures continue – Citi, Goldman Sachs, and now RBC

Canada's RBC Capital Markets sees Graeme King depart as co-head of FX spot trading. The revolving door continues to swing in the executive suites of major banks. Last week we reported on the departure of Anil Prasad, Citigroup Head of FX. Well the weekend has brought more changes, with Canada's largest bank RBC announcing that its co-head…

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January 21, 2014 BY Gerald Segal

German regulatory watchdog puts 4pm fix investigation as top priority

Foreign exchange fixing revamp is imminent as regulators contemplate big changes Sources familiar with the recently launched investigation by German regulatory watchdog BaFin are claiming that the investigation has been put on the top priority list and Deutsche Bank’s London offices will be visited by an investigating team. Transparency in major banks’ business practices has…

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