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