Why WMR is the global standard for currency reporting and valuation | FTSE Russell Index Ideas

In this episode of FTSE Russell Index Ideas, Paul Clarke, head of FX benchmark product management at FTSE Russell, talks about the unique role played by benchmarks in the global currency markets. He describes the design features, use cases and oversight of the WMR FX benchmarks, which provide an objective, reliable and representative snapshot of FX rates across global markets. 0:00 Introduction 1:31 What are the WMR FX benchmarks, and who uses them? 3:36 Comparing equity and FX benchmarks 4:34 Why FX markets trade over the counter 5:52 Processing data 8:18 Explaining the 5-minute benchmark window 9:38 Designing benchmarks: Are there trade-offs? 11:32 Unpacking standard benchmark timings 14:15 How the FX market is evolving 16:46 Upcoming changes Our FTSE Russell Index Ideas podcast series brings you insights into how our indices and benchmarks are built and why. We explore index ideas that can help you address real-world investment challenges. Watch the full series here: https://www.youtube.com/playlist?list=PLs_YjOh3pCYiJlgj7gxsEqG5l84Cyo1Sz To listen on your preferred podcast platform go to https://pod.link/1824483218 Subscribe now for more videos like this one @LSEGplc If you have any questions about this episode, financial markets or the economy, please leave us a comment or email [email protected]. Follow FTSE Russell: https://twitter.com/ftserussell https://www.linkedin.com/company/ftse/ LSEG (London Stock Exchange Group) is a diversified international markets infrastructure business —earning our clients’ trust for over 300 years. That legacy of customer-focused excellence ensures that you can rely on our expertise in capital formation, intellectual property and risk and balance sheet management. As global leaders in financial indexing, benchmarking and analytic services, we offer unrivalled access to international capital markets. Our high-performance technology solutions enable companies worldwide to access funds for growth and development. And with our Data & Analytics, Capital Markets and Post Trade divisions, we provide a comprehensive, integrated suite of trusted financial market infrastructure services that help our customers pursue—and achieve—their ambitions. That’s how we make a difference— ensuring people can meet their potential—worldwide. Follow us on LinkedIn (linkedin.com/company/london-stock-exchange-group) and Twitter (@LSEGplc). #FTSERussellIndexIdeas #WMR #FXMarkets