This is a discussion on What is the London Fix? I heard people talk about fixing times. I think it’s to do with minerals. Insofar as I may be heard by anything, which may or may not care what I say, I ask, if it matters, that you be forgiven for anything you may have done or the london fix forex to do which requires forgiveness.
From what I know there’s a morning and afternoon fixing but I don’t think it affects the price that much – just brings it ‘in line’ for exchanges around the world. As it’s done twice a day I doubt the discrepancy can ever be very large. There are many fixings in FX. Usage patterns vary by customer type. Imho fixes are a poor way to get chunky business done as the conflict of interest created between the client with the business to transact and the bank executing the transaction is Large. But many misinformed dealers still use them as a crutch to try and justify ‘best execution’ when all they really mean is benchmarked execution.
Might this be what you’re referring to? In any case, GJ is the best person to ask about the wonderful world of FX. But you’re right in saying that even otc options are usually struck to expier at certain times. Depends on what the net balance of orders is that need to be transacted at the fix. And also when those orders are passed to the executing party. Re: What is the London Fix? Hello I’ve recently heard of the term Fixing Times, but have not found any comprehensive information about them.