One Massive Valuation and a Regulatory Shakeup in Cyprus

[kreslik.news]

During the passing week the most interesting news from the online trading industry included stories from around the world like an upcoming IPO in Poland, a broker’s milestone in Japan and an important deal in the US.

WM/Reuters FX Benchmark

On Monday Thomson Reuters reported its acquisition of the WM/Reuters FX Benchmark rate calculation subsidiary, The World Markets Company (WM), from State Street Corporation. The benchmark is widely used as a price reference for portfolio valuation and performance and index calculation as well as to price related foreign exchange contracts.

Tobias Sproehnle, head of Benchmarks at Thomson Reuters, said: “We are excited about ... (read more)