What Happened at the Month-End Fix?
March 12, 2025
A pattern is emerging in the month-end fixes with, for the third successive month, the average savings sitting above $300… Read More »
A pattern is emerging in the month-end fixes with, for the third successive month, the average savings sitting above $300… Read More »
Although the January month-end Fix showed similar market impact to recent months, there might be some concerns that the world’s… Read More »
The November month-end FX Fix saw something remarkable – the first time it has occurred in the nearly-four years that… Read More »
It was another relatively quiet month-end Fix in market impact terms, although one pair did record its highest potential saving… Read More »
The run of relatively subdued month-end FX fixes, in terms of market impact, continued in August, although savings were still… Read More »
Although still below the average of 2023, May’s month-end Fix provided more serious market impact for users of the five-minute… Read More »
Across the 37 months that The Full FX has been publishing data on the month-end Fix, there have often been… Read More »
April continued to relatively subdued start to 2024 when it comes to market impact at the month-end Fix, notwithstanding which,… Read More »
For the third consecutive month, the potential savings from using a longer window for the month-end FX Fix were below… Read More »
Market impact at the month-end FX fix was significantly lower than the average, indeed the potential savings from using the… Read More »
Investors whose funds use the five-minute WM window for the month-end FX fix missed out on potential savings of more… Read More »
It was another quieter than average month-end FX benchmark Fix in September, with the good news being that two of… Read More »
Market impact was once again a factor at the August month-end FX fix with the potential savings from a window… Read More »
Longer windows to calculate month-end fixes continue to offer substantial potential savings thus far in 2023, however they remain below… Read More »
The end of Q2 2023 was a relatively subdued affair around the London 4pm Fix, with the potential savings measuring… Read More »
Market impact from hedging ahead of the monthly WM Fix was higher than recent months, with the potential savings from… Read More »
It was another quieter than average month-end fix in terms of potential savings from a longer window, however the overall… Read More »
An occasional question over the data published by The Full FX for every month-end Fix is that the overall savings… Read More »
The December 2022 month-end FX benchmark fix marked the completion of the first full year of publication of these fixes… Read More »
It was another month of potentially costly FX hedging for those firms using the shorter calculation window for their month-end… Read More »
CME Group is extending its Basis Trade at Index (BTIC) futures product suite to allow FX traders to hedge the… Read More »
It was another tough month-end for anyone who cares about market impact around the London 4pm WM Fix, with potential… Read More »
It is of probably some relief to users of the WM London 4pm Benchmark Fix that after what was a… Read More »
The benefits of publishing a month-end London 4pm benchmark using a longer window were mixed for the June fixing, however,… Read More »
Perhaps not unexpectedly given it was a quarter end – although it has to be pointed out this was not… Read More »
After a quiet year-end in terms of potential market impact cost at the London 4pm Fix, there was a return… Read More »
After what was a very quiet September in terms of price action around the month-end London 4pm Fix, October saw… Read More »
In terms of savings from a longer fixing window, the sixth analysis of FX month-end Fix flows, provided by Raidne… Read More »
After a period of relatively quiet month-end London 4pm FX benchmark Fixes, August saw some significant moves ahead of, and… Read More »
This is the fourth in a regular series of pieces looking at price action over the month end, London 4pm… Read More »
Last month The Full FX published the first in a regular series of pieces looking at price action over the… Read More »
