Banks welcome Tradition-Icap’s volatility fix
A new daily volatility fixing service being rolled out this week by foreign exchange options broker Tradition-Icap has been welcomed by banks as a stepping stone towards the development of new volatility-based products.
The fixing service, which will be known as Vol-Fix, will be published every day on Bloomberg and Reuters at 4pm London time. It will start with the most liquid tenors in EUR/USD, with plans to extend to other currency pairs in due course.
"A reliable and independent volatility
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