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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