Tag: benchmark

April 04, 2016 BY Mike Fox

Thomson Reuters acquires WM/Reuters Foreign Exchange Benchmarks from State Street Corporation

Thomson Reuters today announced it has acquired WM/Reuters FX benchmark rate calculation business of The World Markets Company (WM) from State Street Corporation. The acquisition will be effective immediately. The acquisition of the WM/Reuters FX benchmark means Thomson Reuters will own, administer and calculate this important benchmark, which is used by financial professionals across the…

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February 17, 2016 BY Mike Fox

Bank of Canada announces changes to its published FX benchmark

The Bank of Canada (BoC) today announced that, effective March 1st, 2017, it will make a series of changes to the number, frequency and calculation methodology of its published foreign exchange (FX) rates. Although these changes will not come into effect until 2017, the BoC is notifying the public now to allow ample time for users…

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