Of these “fixes,” the most commonly used one is computed at 4:00 pm by a joint venture between State Street’s WM unit and Thompson Reuters (Thompson Reuters was also involved with setting the Libor rates).9] However, at least one recent article discussed potential investigations into “Tokyo fixing”, referring to Japanese currency benchmarks (which are set at 9:55 each morning in Tokyo).[10] The potential attempted manipulation of these… [read post]