Nex Data has been mandated by the Financial Futures Association of Japan (FFAJ) to create foreign exchange margin ratios for 170 currency pairs.
Launched in February 2017, the FX margin ratios support the derivatives margin calculations which Japanese retail brokers have to provide to local authorities following the new regulations which kicked in on 27 February 2017. Using underlying data taken from Nex Markets’ EBS Market as a primary source in addition to third party sources, the FX margin ratios are used to support the provision of data in the Japanese retail market.
NEX Data has unveiled the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings. The new fixings went live on 26 July 2017 and, the firms says, “enhance the variety of global benchmarks available, bringing increased transparency to all FX market participants”.
The benchmarks are based on actual transactions and orders during the ten minute fixing window on Nex Markets’ EBS FX central limit order book. The fixings are published 24 hours a day, five days a week and include the full list of core EBS currencies.