What is the WMR 4pm fix?
WM - World Markets Company
R- Reuters
The WMR 4pm fix is a paid service to give subscribers the daily closing price of currencies which they can then use to conduct end of day and overnight transactions. The WMR price is usually fixed by 4pm London time every day.
Portfolio Managers find this service useful because they can all use the same spot price to settle their transactions and prepare for the next day.
The service was initialed by the Reuters company (in conjunction with World Markets company) but today other companies such as the London Stock Exchange also provide the same service for a fee.
WM - World Markets Company
R- Reuters
The WMR 4pm fix is a paid service to give subscribers the daily closing price of currencies which they can then use to conduct end of day and overnight transactions. The WMR price is usually fixed by 4pm London time every day.
Portfolio Managers find this service useful because they can all use the same spot price to settle their transactions and prepare for the next day.
The service was initialed by the Reuters company (in conjunction with World Markets company) but today other companies such as the London Stock Exchange also provide the same service for a fee.
At month-end and week-end, the London fix close becomes more important than highs/lows due to institutional rebalancing requirements and benchmark obligations.
Massive institutional flows converge specifically at the 4pm London fix for portfolio rebalancing. Fund managers must mark positions to market at month-end using 4pm London fix rates.
On 31st December 2025, price moved towards the previous days London 4pm FIX price of 1.17560 and hovered around there till the end of the day/year.
The London 4 pm FIX is an price for a currency that pension managers, portfolio managers etc, agree on to use in rebalancing portfolios etc. at the end of a trading day/month. In the attached image there is todays EUR/USD chart where I have marked yesterdays London FIX price of 1.17928 with a faint ash-colored line. Since today is end-of-month for February you will see price interact with the FIX. In the intraday chart image observe how price has rejected at the FIX and is trying to stay above it.
