Over the last 3 years’ SIREN FX has been calculating and analysing the savings the pension funds could be saving using the SIREN FX 20-minute FX Benchmark calculation across currency pairs, compared to the alternative five-minute 4pm fix window.
Each month SIREN FX will present the data and analysis of random currency pairs, using the same guidelines that are used for the regulatory reported pairs for you to study.
We will briefly comment on any factors that may have impacted the market to assist with getting a clear view on what effect this may have on the FX market and importantly on potential savings.
Colin Lambert from The Full FX is an independent market observer who examines how random currency pairs have performed at month end. click here to see his latest review.
SIREN FX has developed a transparent benchmark that can reduce price distortion in institutional foreign exchange markets that may result in investment funds being regularly overcharged by between 10 and 50 times the price they had been expecting to pay.
SIREN FX addresses this issue by offering a truly independent and transparent benchmark that can make substantial cost savings every year.
We provide market participants the transparency and tools they need to improve their decision-making in respect of the execution of their investment related foreign exchange activity, and instruct their executing banks accordingly, while achieving compliance with industry codes of conduct and financial regulations.
Regulated under the UK Financial Conduct Authority benchmarking regime* SIREN FX is an FX benchmark that can enable financial institutions to achieve improved returns on their foreign exchange executions.