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Reuters, ICAP To Unveil Spot FX Fixes

Thomson Reuters and ICAP have partnered to launch spot FX fixes for six major currency pairs.

Thomson Reuters and ICAP have partnered to launch spot FX fixes for six major currency pairs. The move covers currency pairs, including EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF and USD/CAD.

The prices are distributed every 30 minutes from the rates executed on the FX industry’s spot FX electronic trading systems, EBS and Thomson Reuters Spot Matching. The move will help the two companies produce the Bank of England replacement rates, FXFIX and FXCLOSE, which began in 2006.

Click here for the story from Thomson Reuters.

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