Refinitiv Examines Changes to Key Daily Foreign Exchange Fixing Window

Refinitiv Examines Changes to Key Daily Foreign Exchange Fixing Window
An advertisement for Refinitiv is seen on a screen in London's Canary Wharf financial center, Britain, on Oct. 2, 2018. Russell Boyce/Reuters
Reuters
Updated:

LONDON—Refinitiv is considering a series of changes to its daily foreign exchange (FX) fixing, including lengthening the trading window used to calculate it, a senior company executive said, amid industry concerns over the global benchmark which used to value trillions of dollars of assets.

The 27-year-old WM/R benchmark, which is calculated by its owner Refinitiv, has a five-minute trading window, known as the “fix,” at 4:00 p.m. in London each weekday when investors and banks flood the market with buy and sell orders.