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15 Jan 2014, 12:11 am
Given that Morningstar Inc. estimates $3.6 trillion in index funds track global indices, there may be a large pool of potentially impacted investors.6] The most common benchmark rates in the currency market are set at 11:00 am and 4:00 pm London time.[7] This is because London is considered to be the global center of the Forex market, with an estimated 40% of trades taking place there.[8] These rates, commonly referred to as “fixes,” are… [read post]
20 Oct 2010, 11:51 am
Sasqua Group's founder, Christopher Tors, had worked for years as a precious metals and foreign currency trader for Goldman Sachs, and knew the industry well. [read post]