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In a bit of a fix: Refinitiv seeks ideas to improve WM/R

Operator launches consultation following criticism of 4pm fixing rate

For 27 years, the WM/Refinitiv 4pm fixing has enabled buy-side traders to value their portfolios and benchmark their foreign exchange trades.

But now, for the first time in its history, the operator of the rate – formerly known as the WM/Reuters fixing – has launched a public consultation on the way the benchmark operates. It comes amid concerns about high trading costs and the negative impact of

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