Dislikedjust so you know "WM/Reuters Benchmark Rates" is just one benchmark. Agreed it is the most common one since most corporations give benchmark orders to banks. This is the benchmark which banks are accused of manipulating as well. Also other common one is BFIX (Bloomberg fix). I have access to both and more benchmarks that are commonly used. you can get some of the fixings at http://www.bloomberg.com/markets/currencies/fx-fixings/. both these have 30 mins and hourly fixes btw (depending on the currency pair). And your theory that FIB level...Ignored
From WMcompany.com
Below is a list of Index Compilers that use the WM/Reuters Rates for the purpose of Index Compilation.
- Citigroup Global Markets Ltd
- FTSE International Ltd
- International Index Co
- IPD (International Property Database)
- JP Morgan Securities Ltd
- Merrill Lynch, Pierce, Fenner & Smith Inc
- Morgan Stanley Capital International Ltd
- OMX (Stockholm Stock Exchange Ltd)
- Standard & Poors
- STOXX LTD
The WM/Reuters Rates are approved or recommended by the following Associations:
- ACI Suisse (The Financial Markets Association)
- AFXC (Australian Foreign Exchange Committee)
- IFSA (The Investment and Financial Services Association)
- PFA (Japan Pension Fund Association)
- NZFMA (New Zealand Financial Markets Association)
Fund companines, stock exchanges, SEC Filings, all use the WM/R Benchmark. Bloomberg is not a Benchmark.
You said that you know something that we don't. I know something and I am sharing it here. It would be great if you could also contribute your knowledge! :-)