trending Market Intelligence /marketintelligence/en/news-insights/trending/AOZTb-J1GeUBew4enCB_bw2 content esgSubNav
In This List

Thomson Reuters buys WM/Reuters forex benchmarks rate calculation biz from State Street

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Thomson Reuters buys WM/Reuters forex benchmarks rate calculation biz from State Street

ThomsonReuters Corp. said April 4 that it has acquired WM/Reuters foreignexchange benchmark rate calculation business of The World Markets Co. plc fromState Street Corp.

The deal will be effective immediately.

The deal means Thomson Reuters will own, administer andcalculate the benchmark used by financial professionals for portfoliovaluation, performance measurement, index calculation and as a price referencein financial contracts. The WM/Reuters foreign exchange benchmark falls underthe regulation of the U.K. Financial Conduct Authority.

Thomson Reuters will continue to employ the same WM team tooperate the service.