Spot fixes tie-up will benefit the market, say Icap and Thomson Reuters
The rival companies have been working on the fixes for several months and unveiled the new offering on March 1. Delivered every 30 minutes from the rates executed on EBS and Thomson Reuters Spot Matching, Icap believes the benchmark fixes will be a positive step for the FX market.
"These two platforms own a significant share of the interbank market for executable pricing. The fact they can now generate an impartial authoritative benchmark on an intraday basis for specific currencies should be a
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