Glossary

Fix
One of approximately five times during the forex trading day when a large amount of currency must be bought or sold to fill a commercial customer’s orders. Typically, these times are associated with market volatility. The regular forex fixes are as follows (all times EST):

5:00am - Frankfurt

6:00am - London

10:00am - WMHCO (World Market House Company)

11:00am - WMHCO (World Market House Company) - more important

8:20am - IMM

8:15am - ECB

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