Overview: What sets SIREN FX apart
Based on an FCA approved and regulated independent FX spot benchmark
SIREN FX is a benchmark calculated using benchmark quality data giving a high degree of assurance
Reduced market impact
SIREN FX is designed to reduce market impact caused by benchmark execution
20 minute window
Allows greater liquidity absorption
Optimal execution algorithm
This reduces FX arbitrageurs ability to profit at investors detriment and reduces costs
Pre-hedging participation
Investors explicitly participate in the
pre-hedging window so benefit from better earlier prices
Real-time data feed
Liquidity providers can reduce tracking error using our real-time feed
Month-End Review: Significant 4pm fix price distortion
SIREN FX green line on the graph highlights the substantial savings that can be achieved using Siren
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.