Thomson Reuters launches new FX Benchmark for corporates valuing cross-border transactions

London – Thomson Reuters has launched the WM/Reuters 2pm CET benchmark, a new FX benchmark service designed for corporates looking to value, hedge and settle cross-border transactions. The benchmark offers a reliable, transaction-oriented alternative to the European Central Bank (ECB) 2:15pm CET reference rates. It is calculated on available primary market data and provides an accurate and robust FX rate that aligns with IOSCO principles for financial benchmarks. Read more here.