WMR Adds Metals Benchmarks

WMR has expanded its product suite to include precious metals including gold, silver, platinum and palladium via a new service, the WMR Metals benchmarks.

The new service leverages the existing WMR spot FX methodology, meaning it is aligned with IOSCO’s principles and fully compliant with BMR regulation. The gold and silver rates are sourced from transaction data primarily from the EBS platform, while platinum and palladium rates are based on quote data from LSEG contributors.

The firm says the available spot market rates for these precious metals will be available against USD, GBP and EUR with calculations available hourly from 6am HKT Monday to 10pm GMT on Friday, and daily (once a day). This is broken down into two services, the WMR Metals Daily, which is set once a day at 4pm UK time; and the WMR Metals Intraday for the hourly settings.

WMR adds that all benchmarks offer both closing and Intraday rates, providing full coverage across global regions. The new service is available through LSEG data & analytics platforms, direct delivery via email and SFTP, as well as other authorised data distribution partners