SIREN FX BENCHMARKS

SIREN FX gives asset owners and asset managers 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.  

Regulated under the UK Financial Conduct Authority benchmarking regime* SIREN FX is an FX benchmark that allows financial institutions to achieve improved returns on their foreign exchange executions.   

SIREN FX offers a fully transparent, lower-cost alternative to existing FX benchmarks, by providing a path to validate what the true costs are in execution, making it a compelling solution for asset owners and their asset managers, who have struggled to meet their fiduciary duty to ensure adequate transparency under Principle 9 of the FX Global Code of Conduct.