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New York: 18:46:33 London: 23:46:33 Tokyo: 08:46:33 Sydney: 10:46:33
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WM/Reuters Service
WM/Reuters deliver accurate, timely and independent exchange rates that are understood, trusted and reliable across all markets worldwide.
WM/Reuters Non-Deliverable Forwards (NDF) - Addition of New Currencies We are pleased to announce that we have increased the coverage of the WM/Reuters Non-Deliverable Forward (NDF) rates by 3 currencies from Monday 1st March, 2010. Kasakhstan Tenge KZTNDF Russian Rouble RUBNDF Ukraine Hryvnia UAHNDF WM/Reuters Closing and Intraday Spot Rates Service – Technical Enhancement As the year comes to a close we want to thank all of our partners for your continued support of the WM/Reuters service. Based on your support, WM/Reuters has continued growing in 2009 even as overall FX volumes fell. WM/Reuters remains the global benchmark for FX with trading volumes accounting for roughly 10-12% of the global total. WM/Reuters will continue to grow by providing an accurate, independent spot rate service that evolves in line with changing market and customer requirements. We will continue to base the WM/Reuters Spot rates service on our patented, proprietary methodology. We will continue providing global coverage of all the major currencies including collecting, validating and publishing spot, forward and NDF Rates on an hourly intraday and closing basis. We will also continue to provide the world’s most complete and accurate historical data on spot and forward rates. Discussions with partners indicated scope for specific technical improvements in certain pairs where better base-line data on FX rates is available. Based on our partner suggestions, we will be using pricing data that is real-time rather than artificially adjusted or throttled, is volume weighted and reflects the new market convention of quotes in tenths of a pip for certain pairs. To this end, we will be introducing data from Currenex for the EURUSD, USDJPY and EURCHF currency pairs. These changes will significantly improve the accuracy of the WM fixings (including the cross rates) and serve as a starting point for further enhancements in 2010. This technical improvement will not materially affect the service and there will be no changes to any of the output or format of the data that you receive. We look forward to continuing to work with our business partners on further improvements in our service. We can be contacted 24 hours via phone at: +441313155515 or via email at fx.rates@wmcompany.com. WM/Reuters Non-Deliverable Forwards (NDF) - New Service As the provider of the WM/Reuters Spot and Forward rates we are constantly striving to improve quality of the service and meet client requirements. We are pleased to introduce the WM/Reuters Non-Deliverable Forward (NDF) Rates service. This service is Intraday and Closing NDF Rates, the fixing times mirror the current Intraday Forwards Service covering 18 fixes per day. Initially the service will cover 6 currencies and up to 9 time periods per currency and we hope to increase the currencies covered early next year. These Intraday and Closing NDF rates are captured, validated and published in outright terms and use the same methodology and compliment the WM/Reuters Intraday and Closing Forward rates service. Chinese R. Yuan CNYNDF Indian Rupee INRNDF Indonesian Rupiah IDRNDF Malaysian Ringgit MYRNDF
Philippine Peso PHPNDF South Korean Won KRWNDF From Monday 28th September 2009 the new service will be available. WM/Reuters CNY Forward Methodology Information
The WM Company is constantly researching and monitoring currency behaviour in order to ensure that WM/Reuters rates continue to be as accurate as possible.
ISO Open Time Close Fix We believe clients will find the improved transparency of our methodology beneficial. |
