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Execution cost reduction
Easy to execute trades with exposure to the USD/BRL exchange rate at 4:00 PM GMT.
FRW: Differential Between WMR FX Benchmarks USD/BRL Spot Rate and Mini U.S. Dollar Futures
New product will facilitate and reduce costs for transactions with exposure to the USD/BRL exchange rate disclosed by WM Reuters/Refinitiv (WMR) at 4:00 PM GMT.
New product will facilitate and reduce costs for transactions with exposure to the USD/BRL exchange rate disclosed by WM Reuters/Refinitiv (WMR) at 4:00 PM GMT.
Institutions that carry out transactions with exposure to the USD/BRL exchange rate – disclosed by WM Reuters/Refinitiv at 4:00 PM GMT – can now use the FRW rate as a benchmark to execute trades.
The FRW rate is very similar to the U.S. Dollar Forward Points (FRP). However, while the latter trades at a PTAX rate differential, the FRW will trade at a WMR rate differential.
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Product benefits
More information soon
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If you have any query, or need additional information, please contact your RM or write to [email protected]
Timeline
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04/22/2024
Start of Certification
Start of Certification
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08/05/2024
Go-live
Available to the market
Technical details
Catalog changes
No catalog changes
Main systems
Sinacor, TRS, TEM
Main related functions
No functions impacted
Certification roadmap
In definition
What is the Sinacor version?
v24.1
