DIGITEC appoints Christopher Johnson to lead FX Swaps and NDF specialist's APAC operation financefeeds.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financefeeds.com Daily Mail and Mail on Sunday newspapers.
DIGITEC, the global standard for FX Swaps and NDF pricing and data, today announced the opening of its new office in Singapore, managed by Christopher Johnson.
<p><span lang="EN-US">DIGITEC, the global standard for FX Swaps and NDF pricing and data, today announced that Peer Joost has been appointed </span><span lang="EN-US">as </span><span lang="EN-US">CEO. Previously Peer was COO at DIGITEC, where he has worked since October 2011.</span></p>
By Gail Moss2021-05-11T08:17:00+01:00
Pension funds and asset managers hedging foreign currency exposure now have access to an alternative FX benchmark offering them substantial savings on currency trades, according to the company which has developed it.
Many institutional investors use the existing so-called “London 4pm fix” – managed by Refinitiv – as the rate at which they agree with their bank to exchange currencies to settle their accounts at the end of every day.
The 4pm fix produces a set of exchange rates calculated as the average at which FX trades take place on the London FX exchanges (primarily Reuters) in a five-minute window centred on 4pm UK time every weekday.