Banque de France Eliminates Franc Fixing; French Banks Sign Market-Making "Charter"

BANKS

Two major changes took place this past week in the Paris foreign exchange market: the Banque de France abolished the daily spot franc "fixing" at the Paris Bourse and nine of the largest French banks signed a market making agreement in an attempt to improve liquidity in the French franc and the Deutche mark/franc cross rate.

According to executives at banks in Paris, the abolition of the "fixing" was simply a move to get rid of an old fashioned institution that has no place in the current

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: