Buy side seeks alternative ways of handling large orders
Following changes to the WM/Reuters methodology
Asset managers and investment firms have started looking for alternative ways of managing large currency trades as banks take a step back from risk and begin to include spreads on WM/Reuters benchmark orders, following changes that came into effect on February 15.
The adjustments to how the benchmark functions, which include a move to widen the transaction window to five minutes, as well as increased oversight of the way these orders are handled, have pushed banks to discontinue offering mid
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